This investigation is for anyone who acquired securities in Bowlero Corp. (NYSE: BOWL) prior to May 17, 2023.
The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company had controls over its financial accounting but then by overstating its assets.
On May 17, 2023, Bowlero released its third quarter 2023 financial results, and disclosed a material weakness related to certain financial reporting processes, including acquisition accounting, accounting for fixed assets, and certain financial reporting disclosures. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Bowlero Corp. (NYSE: BOWL) prior to May 17, 2023 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
3070 Bristol Pike, Suite 112, Bensalem, PA 19020 
Press Release
hsmith@howardsmithlaw.com