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BRDS.US
id: 462

Bird Global (BRDS) financial statement issues Case

C.D. California
Court
On November 14, 2022, Bird (BRDS) filed a Form 8-K announcing it would restate its consolidated financial statements for certain periods due to issues concerning the recognition of Sharing Revenue.

The press release stated that "... any previously furnished or filed reports, related earnings releases, investor presentations or similar communications of the Company describing the Company’s financial results contained in the Original Filings should no longer be relied upon.

On this news, BRDS stock dropped about 16%, seriously damaging investors.

Now, Investors have reasons to suspect that Bird, its Leaders, and its Service Providers breached their fiduciary duties or performed their activities with gross negligence.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Shareholder
Investment Bank
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
14 November 2022
Collecting participants…

Bird Global

Bird Global, Inc., a micromobility company, engages in delivering electric transportation solutions for short distances in Canada, the United States, the European Union, the United Kingdom, the Mid...

    Ticker
    BRDS.US
    ISIN
    US09077J1079
    CIK
    1861449
    Sector
    Industrials
    Industry
    Rental & Leasing Services
    Country
    USA
    Address
    392 NE 191st Street, Miami, FL, United States, 33179