Core Viewpoint - Bumble Inc. is facing a class action lawsuit due to allegations of misleading statements regarding its relaunch strategy and subscription offerings, which led to artificially inflated stock prices [2][4]. Group 1: Allegations and Impact - The class period for the lawsuit is from November 7, 2023, to August 7, 2024, during which Bumble allegedly provided positive statements while concealing material adverse facts about its Premium Plus subscription and app relaunch strategy [2]. - The company's stock price fell from $13.18 on February 27, 2024, to $11.23 on February 28, 2024, following the announcement of disappointing fourth quarter fiscal 2023 results and the need to revamp the Premium Plus tier [2]. - On August 7, 2024, Bumble's stock price dropped from $8.06 to $5.71 the next day after announcing mixed second quarter results and a need to "reset" its outlook, indicating that the app relaunch was not proceeding as planned [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased Bumble shares during the specified class period are encouraged to register for the class action by November 25, 2024, to potentially become lead plaintiffs [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case, with no cost or obligation to participate [3]. Group 3: Legal Representation - The Gross Law Firm is leading the class action, emphasizing its commitment to protecting investors' rights against deceit and fraud in business practices [4].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bumble Inc. securities between November 7, 2023, and August 7, 2024, of the upcoming lead plaintiff deadline on November 25, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Bumble securities during the specified class period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by November 25, 2024 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: Case Allegations - The lawsuit alleges that Bumble's management misled investors by presenting false information regarding the company's revenue outlook and growth potential, particularly related to its tiered-subscription options and app relaunch [4]. - It is claimed that Bumble's Premium Plus subscription plan lacked a clear market fit and required significant revisions, while the tiered-subscription options failed to deliver the expected revenue per user, impacting Bumble's market share [4]. - The defendants are accused of providing materially flawed statements that did not consider the potential negative impact of leadership changes on Bumble's brand and reputation, leading to investor losses when the truth was revealed [4].

RADNOR, Pa., Nov. 15, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Bumble Inc. ("Bumble") (NASDAQ: BMBL) on behalf of investors who purchased or otherwise acquired Bumble securities between November 7, 2023 and August 7, 2024, inclusive (the "Class Period") The lead plaintiff deadline is November 25, 2024.CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:If you suffered Bumble losses, you may C ...

ATLANTA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC reminds investors of the November 25, 2024 Lead Plaintiff deadline in the following class action lawsuits. Bumble Inc. A shareholder class action lawsuit has been filed against Bumble Inc. (“Bumble” or the “Company”) (NASDAQ: BMBL). The lawsuit alleges that Defendants created the false impression that they possessed reliable information pertaining to the Company’s projected revenue outlook and anticipated growth, while also downplaying the pote ...

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NEW YORK, Nov. 14, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Bumble Inc. (NASDAQ: BMBL).Shareholders who purchased shares of BMBL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/bumble-loss-submission-form/?id=111744&from=4 CLASS PERIOD: November 7, 2023 to August 7, 202 ...

Core Viewpoint - The Bumble class action lawsuit alleges that Bumble Inc. and its executives misled investors regarding the company's market performance and growth prospects, leading to significant stock price declines following disappointing financial results [3][4][5]. Group 1: Class Action Details - The class action lawsuit is titled Holzer v. Bumble Inc., No. 24-cv-01131 (W.D. Tex.), and it involves purchasers of Bumble securities from November 7, 2023, to August 7, 2024 [1]. - Investors have until November 25, 2024, to seek appointment as lead plaintiff in the lawsuit [1][6]. - The lawsuit claims that Bumble's management created a false impression of reliable market information, which contributed to overconfidence in the relaunch of the Bumble app and its Premium Plus subscription tier [3]. Group 2: Financial Performance Allegations - On February 27, 2024, Bumble reported disappointing fourth quarter fiscal 2023 results, leading to a nearly 15% decline in stock price after announcing a need to revamp the Premium Plus tier due to poor market fit [4]. - On August 7, 2024, Bumble disclosed mixed second quarter 2024 results, stating that the app relaunch was not proceeding as planned, resulting in a more than 29% decline in stock price [5]. Group 3: Legal Process and Firm Background - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Bumble securities during the class period to seek lead plaintiff status, representing the interests of the class [6]. - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud cases, having recovered $6.6 billion for investors in class action cases, and is recognized for securing significant monetary relief [7].

NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Bumble Inc. ("Bumble" or the "Company") (NASDAQ: BMBL) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Bumble investors who were adversely affected by alleged securities fraud between November 7, 2023 and August 7, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/bumble-lawsuit-submission-form?pri ...

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Bumble Inc. (NASDAQ: BMBL) between November 7, 2023 and August 7, 2024, both dates inclusive (the “Class Period”), of the important November 25, 2024 lead plaintiff deadline. SO WHAT: If you purchased Bumble securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT T ...

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Bumble Inc. (NASDAQ: BMBL). Shareholders who purchased shares of BMBL during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/bumble-loss-submission-form/?id=111431&from=3 CLASS PERIOD: November 7, 2023 to August ...