ATLANTA, GA – – (Globe Newswire – May 19, 2023) – – Holzer & Holzer, LLC is investigating whether Bowlero Corp. (“Bowlero,” or the “Company”) (NYSE: BOWL) complied with federal securities laws. On May 17, 2023, Bowlero disclosed the Company “did not design and maintain effective controls over certain financial reporting processes, including acquisition accounting, accounting for fixed assets, and certain financial reporting disclosures. Additionally, we did not design and maintain effective controls over system access controls to establish segregation of duties for those with roles and responsibilities for the general ledger.” Following this announcement, the price of the Company’s stock dropped.
If you purchased Bowlero stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at firstname.lastname@example.org or Joshua Karr, Esq. at email@example.com, call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/bowlero/ to discuss your legal rights.