LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Bird Global, Inc. (“Bird” or the “Company”) (NYSE: BRDS) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On November 14, 2022, Bird announced a restatement of its financial statements for certain periods in 2020, 2021, and 2022. The restatements seek to correct an error regarding “recognition of revenue on certain trips completed by customers of its Sharing business for which collectability was not probable.”
On this news, Bird share prices fell $0.026, or over 6%, to close on November 14, 2022 at $0.364 on unusually high trading volume.
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If you purchased Bird securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com
