Deadline on June 12th coming up in Lawsuit for Investors in Allbirds, Inc. (NASDAQ: BIRD)

A deadline is coming up on June 12, 2023 in the lawsuit filed for certain investors of Allbirds, Inc. (NASDAQ: BIRD) over alleged securities laws violations by Allbirds, Inc.

Investors who purchased shares of Allbirds, Inc. (NASDAQ: BIRD) have certain options and there are strict and short deadlines running. Deadline: June 12, 2023. NASDAQ: BIRD stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Allbirds, Inc. (NASDAQ: BIRD) common shares between November 4, 2021 and March 9, 2023, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 4, 2021 and March 9, 2023, the Defendants failed to disclose to investors that Allbirds, Inc. was overemphasizing products that extended beyond the Company's core offerings, that the Company's non-core products had a narrower appeal and were not resonating with customers as well as the Company's core products, that Allbirds, Inc. was underinvesting in its core consumers' favorite products to push the Company's newer products with narrower appeal, that underinvesting in Allbirds' core products was negatively impacting the Company's sales, and that, 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.

Those who purchased shares of Allbirds, Inc. (NASDAQ: BIRD) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.