{"id":756008,"date":"2023-05-08T12:38:08","date_gmt":"2023-05-08T16:38:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/"},"modified":"2023-05-08T12:38:08","modified_gmt":"2023-05-08T16:38:08","slug":"bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/","title":{"rendered":"BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">NEW YORK, May  08, 2023  (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in <strong>Allbirds, Inc.<\/strong> (&#8220;Allbirds&#8221; or the &#8220;Company&#8221;) (NASDAQ: BIRD) of a class action securities lawsuit.<\/p>\n<p>\n        <strong>CLASS DEFINITION: <\/strong>The lawsuit seeks to recover losses on behalf of Allbirds investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired: (a) Allbirds Class A common stock pursuant and\/or traceable to the registration statement and prospectus issued in connection with the Company\u2019s November 2021 initial public offering; and\/or (b) Allbirds securities between November 4, 2021 and March 9, 2023, inclusive. Follow the link below to get more information and be contacted by a member of our team:<\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/zlk.com\/pslra-1\/allbirds-lawsuit-submission-form?prid=39028&amp;wire=3\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/zlk.com\/pslra-1\/allbirds-lawsuit-submission-form?prid=39028&amp;wire=3<\/a>\u00a0<\/p>\n<p>\n        <strong>BIRD<\/strong> investors may also contact Joseph E. Levi, Esq. via email at\u00a0<a href=\"mailto:jlevi@levikorsinsky.com\" rel=\"nofollow noopener\" target=\"_blank\">jlevi@levikorsinsky.com<\/a>\u00a0or by telephone at (212) 363-7500.<\/p>\n<p>\n        <strong>CASE DETAILS: <\/strong>The filed complaint alleges that defendants made false statements and\/or concealed that: (1) Allbirds was overemphasizing products that extended beyond the Company\u2019s core offerings; (2) the Company\u2019s non-core products had a narrower appeal and were not resonating with customers as well as the Company\u2019s core products; (3) Allbirds was underinvesting in its core consumers\u2019 favorite products to push the Company\u2019s newer products with narrower appeal; (4) underinvesting in Allbirds\u2019 core products was negatively impacting the Company\u2019s sales; and (5) as a result of the foregoing, defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects, were materially misleading and\/or lacked a reasonable basis.<\/p>\n<p>\n        <strong>WHAT&#8217;S NEXT? <\/strong>If you suffered a loss in Allbirds during the relevant time frame, you have until <strong>June 12, 2023<\/strong>\u00a0to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn&#8217;t require that you serve as a lead plaintiff.<\/p>\n<p>\n        <strong>NO COST TO YOU: <\/strong>If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. <strong>There is no cost or obligation to participate.<\/strong><\/p>\n<p>\n        <strong>WHY LEVI &amp; KORSINSKY: <\/strong>Over the past 20 years, the team at Levi &amp; Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi &amp; Korsinsky has ranked in ISS Securities Class Action Services\u2019 Top 50 Report as one of the top securities litigation firms in the United States.<\/p>\n<p>\n        <strong>CONTACT:<\/strong><br \/>\n        <br \/>Levi &amp; Korsinsky, LLP <br \/>Joseph E. Levi, Esq.<br \/>Ed Korsinsky, Esq.<br \/>55 Broadway, 4th Floor Suite #427<br \/>New York, NY 10006<br \/><a href=\"mailto:jlevi@levikorsinsky.com\" rel=\"nofollow noopener\" target=\"_blank\">jlevi@levikorsinsky.com<\/a>\u00a0<br \/>Tel: (212) 363-7500<br \/>Fax: (212) 363-7171<br \/><a href=\"http:\/\/www.zlk.com\" rel=\"nofollow noopener\" target=\"_blank\">www.zlk.com<\/a>\u00a0<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMzIyNCM1NTc4MzczIzIwMjA0MjY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MzY3N2ZkNDItYmM5MC00NTFhLTkxMTQtYzEwYWI5MTBiZjBiLTEwMzIyOTM=\/tiny\/Levi-Korsinsky-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, May 08, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in Allbirds, Inc. (&#8220;Allbirds&#8221; or the &#8220;Company&#8221;) (NASDAQ: BIRD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Allbirds investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired: (a) Allbirds Class A common stock pursuant and\/or traceable to the registration statement and prospectus issued in connection with the Company\u2019s November 2021 initial public offering; and\/or (b) Allbirds securities between November 4, 2021 and March 9, 2023, inclusive. Follow the link below to get more information and be contacted by a member of our team: &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline&#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-756008","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - 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-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, May 08, 2023 (GLOBE NEWSWIRE) &#8212; Levi &amp; Korsinsky, LLP notifies investors in Allbirds, Inc. (&#8220;Allbirds&#8221; or the &#8220;Company&#8221;) (NASDAQ: BIRD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Allbirds investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired: (a) Allbirds Class A common stock pursuant and\/or traceable to the registration statement and prospectus issued in connection with the Company\u2019s November 2021 initial public offering; and\/or (b) Allbirds securities between November 4, 2021 and March 9, 2023, inclusive. Follow the link below to get more information and be contacted by a member of our team: &hellip; Continue reading &quot;BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-08T16:38:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMzIyNCM1NTc4MzczIzIwMjA0MjY=\" \/>\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-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline\",\"datePublished\":\"2023-05-08T16:38:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\\\/\"},\"wordCount\":460,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgzMzIyNCM1NTc4MzczIzIwMjA0MjY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\\\/\",\"name\":\"BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - 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(&#8220;Allbirds&#8221; or the &#8220;Company&#8221;) (NASDAQ: BIRD) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Allbirds investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired: (a) Allbirds Class A common stock pursuant and\/or traceable to the registration statement and prospectus issued in connection with the Company\u2019s November 2021 initial public offering; and\/or (b) Allbirds securities between November 4, 2021 and March 9, 2023, inclusive. Follow the link below to get more information and be contacted by a member of our team: &hellip; Continue reading \"BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-08T16:38:08+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMzIyNCM1NTc4MzczIzIwMjA0MjY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline","datePublished":"2023-05-08T16:38:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/"},"wordCount":460,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMzIyNCM1NTc4MzczIzIwMjA0MjY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bird-lawsuit-alert-levi-korsinsky-notifies-allbirds-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline\/","name":"BIRD\u00a0LAWSUIT ALERT: Levi &amp;\u00a0Korsinsky Notifies Allbirds, Inc.\u00a0Investors of a Class Action Lawsuit and Upcoming Deadline - 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