Bird Global, Inc.

Ticker: BRDS

Class Period Start: 05/14/2021

Class Period End: 11/14/2022

Registration Deadline: 01/17/2023

Lowey Dannenberg Notifies Bird Global, Inc. (NYSE: BRDS) Investors of Securities Class Action Lawsuit and Upcoming Lead Plaintiff Deadline

Lowey Dannenberg P.C. a preeminent law firm in obtaining redress for consumers and investors, announces the filing of a securities class action lawsuit in the USDC – C.D.CA. against Bird Gloval, Inc. (“Bird” or the “Company”) (f/k/a Switchback II Corporation) for violations of the federal securities laws on behalf of purchasers of the securities of Bird Global, Inc. (NYSE: BRDS) between May 14, 2021 and November 14, 2022.

According to the lawsuit, throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that:

  • Bird was improperly recording Sharing Revenue for certain trips by its customers where collection was not probable;
  • as such, Bird overstated its Sharing Revenue for the relevant quarters and fiscal year during the Class Period;
  • Bird failed to disclose that its internal controls were not effective as they relate to calculating Sharing Revenue recognition;
  • as a result, Bird would need to restate its previously disclosed Sharing Revenue; and
  • as a result, Defendants’ public statements were materially false and misleading at all relevant times.

When the truth was revealed, the price of Bird’s securities dropped precipitously, injuring investors, and wiping millions of dollars of investor wealth


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