Nov 14, 2022 | Blog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether Bird Global, Inc. (“Bird Global” or the “Company”) (NYSE: BRDS) and/or its officers and directors violated federal securities laws.
On November 11, 2022, Bird Global reported that ” . . . (i) the Company’s audited consolidated financial statements as of December 31, 2021 and 2020, and for the years then ended, and quarterly periods within those years, included in the Annual Report on Form 10-K filed with the Securities and Exchange Commission . . . on March 15, 2022, (ii) its condensed consolidated financial statements as of March 31, 2022, and for the three months then ended, included in the Quarterly Report on Form 10-Q filed with the SEC on May 16, 2022 and (iii) its condensed consolidated financial statements as of June 30, 2022, and for the three and six months then ended, included in the Quarterly Report on Form 10-Q filed with the SEC on August 15, 2022 . . . should no longer be relied upon. Similarly, any previously furnished or filed reports, related earnings releases, investor presentations or similar communications of the Company describing the Company’s financial results contained in the Original Filings should no longer be relied upon.”
Bird Global also reported that “[t]he determination results from an error identified in connection with the preparation of the Company’s condensed consolidated financial statements as of September 30, 2022, and the three and nine months then ended, related to its business system configuration that impacted the recognition of revenue on certain trips completed by customers of its Sharing business (‘Rides’) for which collectability was not probable.”
On this news, shares of Bird Global stock were down more than 16% during intraday trading on November 14, 2022.
BIRD GLOBAL INVESTORS WITH FINANCIAL LOSSES GREATER THAN $25,000 ARE ALSO ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
Nov 13, 2022 | Blog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether FTX Trading Ltd (“FTX”) (Native Token: “FTT”) or certain of its executives, including, but not limited to, Sam Bankman-Fried, violated federal securities laws.
Purchasers of FTX securities, such as FTT tokens or FTX’s high-yield bearing accounts, who have suffered financial losses are encouraged to contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], [email protected], to discuss the securities investigation or potential legal claims.
FTX operates a cryptocurrency exchange that allows investors to trade cryptocurrencies, purchase FTX’s native token FTT, and deposit other cryptocurrencies in high-yield bearing accounts in exchange for a fixed amount of interest.
On October 14, 2022, the Texas State Securities Board and the Texas Department of Banking objected to an asset purchase agreement submitted in the bankruptcy proceeding, and in a supporting declaration, the Texas regulators revealed that it was investigating FTX’s interest accounts and the sale of unregistered securities.
On November 2, 2022, Coindesk published an article that disclosed purported concerns relating to Alameda Research and FTX’s close relationship, in addition to Alameda Research’s large FTT holdings.
On November 6, 2022, Binance’s Chief Executive Officer, Changpeng Zhao, announced on Twitter that Binance would, “[d]ue to recent revelations that have come to light, . . . liquidate any remaining FTT on [its] books.”
On November 8, 2022, The Wall Street Journal published an article, “Binance’s Deal for Rival FTX Marks Power Shift Amid Crypto Turmoil,” discussing Binance’s non-binding agreement to purchase FTX amid FTX’s “sudden liquidity crunch.”
On November 9, 2022, The Wall Street Journal published an article, “Binance Walks Away From Deal to Rescue FTX,” which disclosed that the purchasing agreement between Binance and FTX would not be finalized.
On November 11, 2022, FTX filed for bankruptcy.
For additional information, please click “At least $1 billion of client funds missing at failed crypto firm FTX, sources say”; “Funds vanish at bankrupt crypto exchange FTX; probe underway.”
FTX investors who purchased FTT tokens and/or opened up an earn rewards account on FTX and have suffered financial losses are also encouraged to CLICK HERE to contact Kehoe Law Firm, P.C.
Nov 10, 2022 | Blog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Unisys Corp. (“Unisys” or the “Company”) (NYSE: UIS).
INVESTORS OF UNISYS STOCK ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR UNISYS SECURITIES HOLDINGS.
On November 8, 2022, Unisys stock dropped significantly after Unisys announced financial results for the third quarter of 2022, in addition to disclosing an “. . . internal investigation regarding certain disclosure controls and procedures matters, including, but not limited to, the dissemination and communication of information within certain parts of the organization.”
Additionally, Unisys reported that it “. . . expects that it may determine that there are one or more material weaknesses in its internal control over financial reporting, which may result in a conclusion that the Company’s disclosure controls and procedures and internal control over financial reporting are not effective.”
Shares of Unisys stock dropped more than 48% in intraday trading on November 8, 2022.
UNISYS INVESTORS CAN ALSO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE SECURITIES INVESTIGATION AND FOR A NO-OBLIGATION EVALUATION OF POTENTIAL LEGAL CLAIMS.
Nov 3, 2022 | Blog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of BTRS Holdings Inc. (“Billtrust”) (NASDAQ: BTRS) breached their fiduciary duties to Billtrust’s shareholders in approving a merger with affiliate funds of EQT X and EQT AT (“EQT”) (OTC: EQBBF) for inadequate consideration.
The investigation concerns whether Billtrust’s board of directors failed to maximize the value of Billtrust for the benefit of Billtrust’s shareholders in connection with its announced merger with EQT, in breach of their fiduciary duties to Billtrust’s shareholders, and whether Billtrust’s shareholders suffered damages as a result.
On September 28, 2022, Billtrust announced it had reached an agreement to be bought out by EQT for $9.50 per share. The transaction is valued at approximately $1.7 billion.
INVESTORS OF BILLTRUST STOCK ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
IF YOU ARE A BILLTRUST SHAREHOLDER, YOU MAY HAVE LEGAL CLAIMS AGAINST BILLTRUST’S DIRECTORS AND OFFICERS. IF YOU WISH TO DISCUSS THIS INVESTIGATION, OR HAVE QUESTIONS ABOUT YOUR LEGAL RIGHTS, PLEASE CONTACT JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], [email protected].
Oct 19, 2022 | Blog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether the directors of KnowBe4, Inc. (“KnowBe4”) (NASDAQ: KNBE) breached their fiduciary duties to its shareholders in approving a buyout with funds affiliated with Vista Equity Partners (“Vista”) for inadequate consideration.
INVESTORS OF KNOWBE4 STOCK MAY HAVE LEGAL CLAIMS AND ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
The investigation concerns whether KnowBe4’s board of directors failed to maximize the value of KnowBe4 for the benefit of KnowBe4’s shareholders in connection with its announced buyout by funds affiliated with Vista, in breach of their fiduciary duties to KnowBe4’s shareholders, and whether KnowBe4’s shareholders have suffered damages as a result.
On October 12, 2022, KnowBe4 announced it had reached an agreement to be bought out by funds affiliated with Vista for $24.90 per share, in an all-cash transaction valued at approximately $4.6 billion.
INVESTORS OF KNOWBE4 STOCK ARE ENCOURAGED TO CONTACT EITHER JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, [email protected], OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
Oct 10, 2022 | Blog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Fox Corporation (“Fox”) (NASDAQ: FOX, FOXA) breached their fiduciary duties to Fox and its shareholders.
FOX INVESTORS THAT HAVE HELD THEIR STOCK (FOX, FOXA) SINCE BEFORE FEBRUARY 2021 AND WHO WISH TO DISCUSS POTENTIAL LEGAL CLAIMS ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.
The investigation concerns whether members of Fox’s board of directors or senior management failed to manage Fox in an acceptable manner, in breach of their fiduciary duties, and whether Fox and its shareholders have suffered damages as a result.
On February 4, 2021, Smartmatic USA Corporation (“Smartmatic”) filed a defamation lawsuit against Fox, alleging that Smartmatic suffered severe harm after numerous Fox News on-air personalities made misrepresentations about Smartmatic’s business in the wake of the November 2020 presidential election.
INVESTORS OF FOX STOCK SINCE BEFORE FEBRUARY 2021 ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.
