Allbirds, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the Class A common stock of Allbirds, Inc. (NASDAQ: BIRD) pursuant and/or traceable to the Registration Statement issued in connection with the Company’s November 2021 IPO and/or Allbirds securities between November 4, 2021 and March 9, 2023, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Allbirds investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than June 12, 2023.

If you purchased Allbirds securities and would like to join the prospective action, please click “Join This Class Action.”

Class Period:pursuant and/or traceable to the Registration Statement issued in connection with the Company's November 2021 IPO and/or between November 4, 2021 and March 9, 2023, inclusive.
If you purchased Allbirds securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants in the IPO registration statement and throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

  • Allbirds was overemphasizing products that extended beyond the Company’s core offerings;
  • the Company’s non-core products had a narrower appeal and were not resonating with customers as well as the Company’s core products;
  • Allbirds was underinvesting in its core consumers’ favorite products to push the Company’s newer products with narrower appeal;
  • underinvesting in Allbirds’ core products was negatively impacting the Company’s sales; and
  • 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.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us on:
Company Name: Allbirds, Inc.
Stock Symbol: BIRD
Class Period: Pursuant and/or traceable to the registration statement issued in connection with Allbirds' November 2021 IPO and/or between November 4, 2021 and March 9, 2023, inclusive.
Court: United States District Court for the Northern District of California

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

Scroll to Top