NEW YORK, March 30, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Allbirds, Inc. (“Allbirds” or the “Company”) (NASDAQ: BIRD). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Allbirds and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On March 11, 2025, Allbirds issued a press release reporting its fourth quarter and full year 2024 financial results. Among other items, Allbirds reported a 22% year-over-year decline in net revenue for the quarter, citing “lower unit sales within our direct business”, along with the impact of “international distributor transitions and planned retail store closures.”
On this news, Allbirds’ stock price fell $0.81 per share, or 13.15%, to close at $5.35 per share on March 12, 2025.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
