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Securities,
Class Action

Dec. 20, 2022

Proposed investor class sues electric scooter company

The complaint against focuses on a Nov. 14 news release in which Bird Global said none of its reports or releases up to Sept. 30 should be relied upon and said an error had recorded customers completing and paying for rides when they had not.

A proposed securities class action filed Monday against Bird Global Inc. accuses the electric bike and scooter company of disseminating false information and misleading investors in its news releases about SEC filings.

The complaint focuses on a Nov. 14 news release in which the company said none of its reports or releases up to Sept. 30 should be relied upon and said an error had recorded customers completing and paying for rides when th...

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