{"id":714370,"date":"2022-11-22T10:31:02","date_gmt":"2022-11-22T15:31:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\/"},"modified":"2022-11-22T10:31:02","modified_gmt":"2022-11-22T15:31:02","slug":"bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\/","title":{"rendered":"Bird Global Investor Alert: Kaplan Fox Investigates Potential Securities Fraud (BRDS)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Nov.  22, 2022  (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l4bSB05bchb6SKwKZyebpUj3VGk4C3xCR9jyevUWu4qiY88WUHMKhJwLUpicrGn7BNTJCCZs_nvAmIRHBwinM2cN1GCW5FyftdWBfT2LOK0tNbw3iSsYMvWrUsQ52_GU\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.kaplanfox.com<\/u><\/a>) is investigating claims on behalf of investors of Bird Global, Inc. (\u201cBird\u201d or \u201cCompany\u201d) (NYSE: BRDS).<\/p>\n<p align=\"justify\">\n        <strong>If you acquired Bird securities and would like to discuss our investigation, please contact us by emailing <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zcdf_YmVm3pqtFDe0mJ51Rg9DWacZIkRTwO3ktYW1n5Lj9iVmRRxZm1vaaEcZWAcztzySFwytjTOUNyCrYSWFLG-fayxQh6I8PCyDbOI-x6KC4vwCkZtxQzDalwQsvR8\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong><br \/>\n            <u>pmayer@kaplanfox.com<\/u><br \/>\n          <\/strong><br \/>\n        <\/a><br \/>\n        <strong> or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952. <\/strong>\n      <\/p>\n<p align=\"justify\">On November 14, 2022, Bird announced a restatement of its financial statements for certain periods in 2020, 2021, and 2022. The restatement is due to an error regarding &#8220;recognition of revenue on certain trips completed by customers of its Sharing business (\u201cRides\u201d) for which collectability was not probable.&#8221; The Company stated that \u201cthe error resulted in an overstatement of Sharing revenue in the consolidated statements of operations for the impacted periods and an understatement of deferred revenue in the consolidated balance sheets as of the end of each impacted period.\u201d<\/p>\n<p align=\"justify\">Following this news, Bird shares fell nearly 16% on November 14, 2022 and then declined more than 19% the next trading day to close at $0.2939 per share on November 15, 2022.<\/p>\n<p align=\"justify\">This press release may be considered Attorney <em>Advertising<\/em> in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p align=\"justify\">\n        <strong>WHY CONTACT KAPLAN FOX &#8211; <\/strong>Kaplan Fox is a leading national law firm focusing on 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 track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox &amp; Kilsheimer LLP, you may visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=l4bSB05bchb6SKwKZyebpdcyVEvX4J0rEREHB5V8hnzNBhGggfdXqnDmZpM6Z37nhf4lOWjujcdPmmoX4-ofJA==\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.kaplanfox.com<\/u><\/a>.<\/p>\n<p align=\"justify\">If you have any questions about this investigation, please contact:<\/p>\n<p align=\"justify\">Pamela A. Mayer <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 850 Third Avenue, 14th Floor <br \/> New York, New York\u00a010022 <br \/> (212) 687-1980 <br \/> E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=zcdf_YmVm3pqtFDe0mJ51beR_aVCKyy4VcbLDOHyQ3BurFgR9oV4m9VuW-wAa9P6ahx5zjK-vK0SPiy5SFnAXxn1KiQRYoISAgraVadGLnU=\" rel=\"nofollow noopener\" target=\"_blank\"><u>pmayer@kaplanfox.com<\/u><\/a><\/p>\n<p align=\"start\">Laurence D. King <br \/> KAPLAN FOX &amp; KILSHEIMER LLP <br \/> 1999 Harrison Street, Suite 1560 <br \/> Oakland, California 94612 <br \/> (415) 772-4704 <br \/> Fax:\u00a0 (415) 772-4707 <br \/> E-mail: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DrlSzZq8g_1GXPtIyoMZAnbPKHAdg_UO6sLObMi_1kKdqYdpfyAG1BhsoYYT0c8wl8tGlxnlGm5wfr_QvYWcokkYH29rhsF3G8z39LR9Obg=\" rel=\"nofollow noopener\" target=\"_blank\"><u>lking@kaplanfox.com<\/u><\/a>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODcwMTk5OSM1MjY5MTU3IzIwMjA4OTE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDE3NDMzODMtNDZiOC00MDQ4LWE2NjYtNjBjZDEwZDgwYjUxLTEwMzE5OTk=\/tiny\/Kaplan-Fox-Kilsheimer-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 22, 2022 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Bird Global, Inc. (\u201cBird\u201d or \u201cCompany\u201d) (NYSE: BRDS). If you acquired Bird securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952. On November 14, 2022, Bird announced a restatement of its financial statements for certain periods in 2020, 2021, and 2022. The restatement is due to an error regarding &#8220;recognition of revenue on certain trips completed by customers of its Sharing business (\u201cRides\u201d) for which collectability was not probable.&#8221; The Company stated that \u201cthe error resulted in an overstatement of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bird Global Investor Alert: Kaplan Fox Investigates Potential Securities Fraud (BRDS)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-714370","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bird Global Investor Alert: Kaplan Fox Investigates Potential Securities Fraud (BRDS) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bird Global Investor Alert: Kaplan Fox Investigates Potential Securities Fraud (BRDS) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 22, 2022 (GLOBE NEWSWIRE) &#8212; Kaplan Fox &amp; Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Bird Global, Inc. (\u201cBird\u201d or \u201cCompany\u201d) (NYSE: BRDS). If you acquired Bird securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952. On November 14, 2022, Bird announced a restatement of its financial statements for certain periods in 2020, 2021, and 2022. The restatement is due to an error regarding &#8220;recognition of revenue on certain trips completed by customers of its Sharing business (\u201cRides\u201d) for which collectability was not probable.&#8221; The Company stated that \u201cthe error resulted in an overstatement of &hellip; Continue reading &quot;Bird Global Investor Alert: Kaplan Fox Investigates Potential Securities Fraud (BRDS)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-22T15:31:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODcwMTk5OSM1MjY5MTU3IzIwMjA4OTE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Bird Global Investor Alert: Kaplan Fox Investigates Potential Securities Fraud (BRDS)\",\"datePublished\":\"2022-11-22T15:31:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\\\/\"},\"wordCount\":343,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODcwMTk5OSM1MjY5MTU3IzIwMjA4OTE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-global-investor-alert-kaplan-fox-investigates-potential-securities-fraud-brds-2\\\/\",\"name\":\"Bird Global Investor Alert: Kaplan Fox Investigates Potential Securities Fraud (BRDS) - 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(\u201cBird\u201d or \u201cCompany\u201d) (NYSE: BRDS). If you acquired Bird securities and would like to discuss our investigation, please contact us by emailing pmayer@kaplanfox.com or by calling (646) 315-9003 or our toll free number 1 (800) 290-1952. On November 14, 2022, Bird announced a restatement of its financial statements for certain periods in 2020, 2021, and 2022. 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