Nov 28, 2023
As we near the year's end, the spotlight turns to year-end filings - a vital aspect of investor relations and public relations.
bluebird bio Reports Certain Financial Statements Should No Longer Be Relied Upon; Expects To Continue To Report Substantial Doubt Regarding Ability To Continue As A Going Concern - Investors With Losses Encouraged To Contact Kehoe Law Firm, P.C. - BLUE
March 26, 2024 2:47 PM EDT | Source: Kehoe Law Firm, P.C.
Philadelphia, Pennsylvania--(Newsfile Corp. - March 26, 2024) - Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of bluebird bio, Inc. ("bluebird bio" or the "Company") (NASDAQ: BLUE).
INVESTORS OF BLUEBIRD BIO STOCK WITH FINANCIAL LOSSES ARE ENCOURAGED TO CLICK HERE OR EMAIL INFO@KEHOELAWFIRM.COM TO CONTACT KEHOE LAW FIRM, P.C.
On March 26, 2024, bluebird bio reported that "[w]hen the Company files its Annual Report on Form 10-K for the year ended December 31, 2023. . ., it expects to continue to report that there is substantial doubt regarding its ability to continue as a going concern."
bluebird bio also reported that "[o]n March 24, 2024, the Audit Committee of the Board of Directors . . . of the Company, based on the recommendation of management and after consultation with [Ernst & Young LLP], concluded that the Company's previously-issued audited consolidated financial statements for each fiscal year beginning January 1, 2019 and its previously-issued unaudited interim condensed consolidated financial statements for each of the first three quarters in such years, as well as the associated earnings releases and investor presentations or other communications describing such financial statements, were materially misstated and, accordingly, should no longer be relied upon."
bluebird bio stock was down more than 12% during intraday trading on March 26, 2024.
BLUEBIRD BIO INVESTORS WITH FINANCIAL LOSSES ARE ALSO ENCOURAGED TO CONTACT JOHN KEHOE, ESQ., (215) 792-6676, EXT. 801, JKEHOE@KEHOELAWFIRM.COM, OR MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE SECURITIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
This press release may constitute attorney advertising.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/203162