NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Allbirds, Inc. (“Allbirds” or the “Company”) (NASDAQ: BIRD) on behalf of Allbirds stockholders. Our investigation concerns whether Allbirds has violated the federal securities laws and/or engaged in other unlawful business practices.
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On March 9, 2023, after trading hours, Allbirds issued two press releases announcing “a strategic transformation plan to reignite growth in the coming years, as well as improve capital efficiency, and drive profitability” after falling short of expectations and also that the current Chief Financial Officer (CF) would step down.
On this news, the price of Allbirds’ stock fell $1.11, or 47%, to close at $1.25 per share on March 10, 2023.
If you purchased or otherwise acquired Allbirds shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Melissa Fortunato by email at email@example.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.