Expired
Lead Plaintiff Deadline
Jun 12, 2023
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The filed complaint alleges that Allbirds, Inc. made 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.
In order to be eligible to join the BIRD class action lawsuit, you must have incurred a loss on shares of Allbirds purchased during the class period listed above.
If you suffered a loss in Allbirds during the relevant time frame, you have until June 12, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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