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Lead Plaintiff Deadline is January 17, 2023.
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About the Case
Switchback was a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.
Bird is a micromobility company engaged in delivering electric transportation solutions for short distances. Bird partners with cities to bring lightweight, electric vehicles to residents and visitors in an effort to replace car trips by providing an alternative sustainable transportation option.
On May 14, 2021, Switchback and Bird entered into an Agreement and Plan of Merger. Bird shares began publicly trading on the NYSE on November 5, 2021.
On November 14, 2022, Bird filed a press release attached to a Form 8-K announcing it would restate its consolidated financial statements for certain periods due to issues concerning the recognition of Sharing Revenue. Following this news, Bird’s share price fell $0.069 per share, or over 15%, from the prior trading date to close at $0.364 per share on November 14, 2022.
Berger Montague Counsel
Andrew Abramowitz, Esq.
25%
aabramowitz@bm.net
(215) 875-3015
bergermontague.com
Data set
James Maro, Esq.
25%
jmaro@bm.net
(215) 875-3093
bergermontague.com
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25%
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