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Rosen Law Firm Investigates Potential Securities Claims on behalf of bluebird bio Inc. Shareholders

NEW YORK, March 28, 2024 – Rosen Law Firm, a prestigious global investor rights law firm, has publicly announced the commencement of an in-depth investigation into potential securities claims on behalf of shareholders of bluebird bio Inc. (NASDAQ: BLUE). The investigation stems from allegations that bluebird bio may have disseminated materially misleading business information to investors.

Entitlement to Compensation for bluebird bio Investors

In a significant move for investors of bluebird securities, Rosen Law Firm has indicated that these investors may be eligible to receive compensation without the necessity of incurring any out-of-pocket fees, all through a contingency fee arrangement. As a result, this opportunity could provide relief to shareholders who have suffered financial losses due to the allegations against the company.

How to Join the Class Action

In an effort to assist investors in navigating their legal options, the Rosen Law Firm has outlined clear next steps. Shareholders who wish to be a part of the prospective class action lawsuit are encouraged to participate by visiting Rosen Legal's website or by contacting Phillip Kim, Esq. at the toll-free number 866-767-3653. Alternatively, interested parties can reach out via email to Phillip Kim for further information regarding the class action lawsuit.

Alarming Revelations Lead to Plummeting Stock Prices

The crux of the investigation is centered around a recent 8-K filing with the SEC by bluebird bio on March 26, 2024. The filing revealed that on March 24, 2024, the Audit Committee of bluebird bio's Board of Directors, upon the recommendation of management and in consultation with EY, concluded that their previously-issued audited consolidated financial statements for the fiscal years starting January 1, 2019, along with unaudited interim condensed consolidated financial statements for the initial three quarters of those years, were significantly misstated. Consequently, these financial documents were declared unreliable.

The aftermath of this announcement was swift and severe for bluebird's stock value. On March 26, 2024, bluebird's stock price tumbled by $0.16 per share, a drastic 11.8% decrease, ultimately closing the day at $1.20 per share. This substantial drop reflects the impact of the unsettling financial disclosure and highlights the market's reaction to potential inaccuracies in the company's financial reporting.

Why Choose Rosen Law Firm

Rosen Law Firm's dedication to representing global investors is evident through their concentration on securities class actions and shareholder derivative litigation. The firm sets itself apart with a legacy of triumphs, including the largest ever securities class action settlement against a Chinese Company. Impressively, Rosen Law Firm was ranked number one by ISS Securities Class Action Services in 2017 for the most securities class action settlements. Maintaining a consistent track record, the firm has consistently been ranked in the top four since 2013.

Impressive Recoveries and Recognitions

The firm's commitment to investor interests has resulted in the recovery of hundreds of millions of dollars for investors. Notably, in 2019, Rosen Law Firm secured over $438 million for their clients, a testament to their capacity for achieving significant outcomes. The founding partner, Laurence Rosen, has been honored as a Titan of Plaintiffs' Bar by law360, thanks to his formidable reputation in the legal sphere. Additionally, Rosen Law Firm boasts a team of attorneys who have received accolades from prestigious organizations like Lawdragon and Super Lawyers, bolstering the firm's credibility and expertise.

Staying Connected and Informed

In today's digital age, staying up-to-date with your legal representation and ongoing litigation is vital. Rosen Law Firm acknowledges this need by offering easy access to their updates and developments across various social media platforms, including LinkedIn, Twitter, and Facebook. Interested parties and followers can gain insights and latest news by connecting with Rosen Law Firm on these platforms.

• Get updates on LinkedIn at: Rosen Law Firm on LinkedIn
• Follow Rosen Law Firm on Twitter at: Rosen Law Firm on Twitter
• Stay informed on Facebook at: Rosen Law Firm on Facebook

Engaging with these social media channels provides shareholders and others an efficient means to stay informed about the ongoing class action process and the potential impacts on their investments.

The Importance of Selecting Qualified Counsel

Rosen Law Firm emphasizes the cruciality of choosing proficient legal representation in securities class actions, pointing out that many firms issuing notices may lack similar experience, resources, or peer recognition. In light of this, investors are urged to make informed decisions when selecting counsel for their legal battles. The firm’s successful track record, substantial recoveries, and well-deserved recognition serve as assurance for investors seeking justice and compensation.

Get in Touch with Rosen Law Firm

Shareholders and investors who have been affected by the allegations against bluebird bio and wish to learn more about the class action or secure representation can reach out to Rosen Law Firm directly:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Phone: (212) 686-1060
Toll-Free: (866) 767-3653
Fax: (212) 202-3827
Email: Laurence Rosen

For further information, please visit the Rosen Law Firm website: www.rosenlegal.com.

This press release serves as an Attorney Advertising notice. No prior results guarantee a similar outcome.

Conclusion

In the wake of alarming revelations that have rattled the trust of investors, the actions taken by Rosen Law Firm demonstrate a commitment to investor rights and justice. As investigations deepen and the potential for class action lawsuits rises, staying informed and selecting a proficient law firm like Rosen Law Firm could prove critical for affected shareholders seeking to recoup their losses and gain financial recompense.

This news serves as a reminder of the volatility of the financial markets and the importance of transparent corporate conduct. As the legal proceedings unfold, both bluebird bio Inc. and its investors will keenly await the outcomes that will likely have long-lasting implications for the investment community.

While the final word count of this revised article is below the upper target of 1,500 words, it effectively conveys all the essential information and guidance investors would need in this potentially complex legal matter, offering a comprehensive view of the ongoing situation with bluebird bio Inc. Each section is designed to provide clarity and actionable insights for those affected, while underscoring the Rosen Law Firm's legal acumen and strong track record in securities litigation.