NEW
YORK, June 7, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Allbirds,
Inc..
Shareholders who purchased shares of BIRD during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/allbirds-loss-submission-form/?id=40394&from=4
CLASS PERIOD: This lawsuit is on behalf of persons and
entities that purchased or otherwise acquired: (a) Allbirds Class A
common stock pursuant and/or traceable to the registration
statement and prospectus issued in connection with the Company's
November 2021 initial public
offering; and/or (b) Allbirds securities between November 4, 2021 and March
9, 2023, inclusive.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) Allbirds was
overemphasizing products that extended beyond the Company's core
offerings; (2) the Company's non-core products had a narrower
appeal and were not resonating with customers as well as the
Company's core products; (3) Allbirds was underinvesting in its
core consumers' favorite products to push the Company's newer
products with narrower appeal; (4) underinvesting in Allbirds' core
products was negatively impacting the Company's sales; and (5) as a
result of the foregoing, defendants' positive statements about the
Company's business, operations, and prospects, were materially
misleading and/or lacked a reasonable basis.
DEADLINE: June 12, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/allbirds-loss-submission-form/?id=40394&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of BIRD during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is June 12, 2023. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm