Bird Global Investor Alert: Kaplan Fox investigates


NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) investigates claims on behalf of investors of Bird Global, Inc. (“Bird” or “Company”) (NYSE: BRDS).

If you have acquired Bird titles and would like to discuss our investigation, please contact us by email [email protected] or by calling (646) 315-9003 or our toll-free number 1 (800) 290-1952. Or please click on the link below:

BIRD SURVEY

On November 14, 2022 before the market opened, Bird filed a Form 8-K with the SEC dated November 11, 2022, which reported as follows:

“[T]e Audit Committee of the Board of Directors (the “Audit Committee”) of Bird Global, Inc. (the “Company”) . . . determined that (i) the audited consolidated financial statements of the Company as at December 31, 2021 and 2020, and for the years then ended, and the quarterly periods included in those years, included in the Annual Report on Form 10-K filed with the Securities and Exchange Commission. . . on March 15, 2022, (ii) its condensed consolidated financial statements as at and for the three months ended March 31, 2022, included in the quarterly report on Form 10-Q filed with the SEC on May 16, 2022 and (iii) its condensed consolidated financial statements as at June 30, 2022 and for the three and six months ended that date, included in the Quarterly Report on Form 10-Q filed with the SEC on August 15, 2022. . . should no longer be invoked. Similarly, any previously delivered or filed reports, related earnings releases, investor presentations or similar communications from the Company describing the Company’s financial results contained in the original materials should no longer be relied upon.”

The Company also reported that:

“[t]The determination results from an error identified in connection with the preparation of the Company’s condensed consolidated financial statements as at September 30, 2022 and the three- and nine-month periods ended on that date, related to the configuration of its business system which impacted the recognition of revenue on certain trips completed by customers of its sharing business (“Rides”) for which collection was not probable.”

Following this news, Bird stock fell almost 16% on November 14, 2022 and continued to decline the following trading day.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethics rules.

WHY CONTACT KAPLAN FOX – Kaplan Fox is a leading national law firm specializing in complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and background that clients demand. By pursuing cases at the federal and state levels, Kaplan Fox has successfully shaped the law by winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you can visit our website at www.kaplanfox.com.

If you have any questions regarding this survey, please contact:

Pamela A.Mayer
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(212) 687-1980
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, CA 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: [email protected]

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