SAN DIEGO, Oct. 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Bumble Inc. (NASDAQ: BMBL) securities between November 7, 2023 and August 7, 2024, inclusive (the "Class Period"), have until November 25, 2024 to seek appointment as lead plaintiff of the Bumble class action lawsuit. Captioned Holzer v. Bumble Inc., No. 24-cv-01131 (W.D. Tex.), the Bumble class action lawsuit charges Bumble as well as certain of Bumble's top executives with violations of ...

The most recent trading session ended with Bumble Inc. (BMBL) standing at $7.29, reflecting a +0.83% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily loss of 0.92%. On the other hand, the Dow registered a loss of 0.96%, and the technology-centric Nasdaq decreased by 1.6%.Heading into today, shares of the company had gained 15.86% over the past month, outpacing the Computer and Technology sector's gain of 3.64% and the S&P 500's gain of 2.68% in that time.Investors will ...

Core Viewpoint - A securities class action lawsuit has been filed against Bumble Inc. for allegedly misleading investors about its market position and growth prospects during the Class Period from November 7, 2023, to August 7, 2024 [1][2] Group 1: Allegations Against Bumble Inc. - The complaint claims that Bumble's management created a false impression of having reliable information regarding the consumer market, which led to overconfidence in the relaunch of the Bumble app and its marketing campaign [2] - It is alleged that this false confidence was tied to expectations of increased user growth and revenue per paid user in the latter half of the year [2] Group 2: Lead Plaintiff Process - Investors in Bumble have until November 25, 2024, to apply to be appointed as lead plaintiff representatives in the class action [3] - The lead plaintiff will represent the interests of all class members and select legal counsel for the case [3] - Participation as a lead plaintiff does not affect the ability of other investors to share in any potential recovery [3] Group 3: Law Firm Information - Kessler Topaz Meltzer & Check, LLP is the law firm handling the class action and has a reputation for prosecuting class actions and recovering significant amounts for victims of corporate misconduct [4] - The firm encourages affected Bumble investors to reach out for more information regarding the lawsuit [4]

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 inflated stock prices and subsequent declines following disappointing financial results [2][3]. Group 1: Allegations and Financial Impact - The lawsuit claims that Bumble provided overly positive statements while concealing material adverse facts about its relaunch strategy, including issues with the Premium Plus subscription tier [2]. - Following the release of disappointing fourth quarter fiscal 2023 results on February 27, 2024, Bumble's stock price fell from $13.18 to $11.23 per share [2]. - On August 7, 2024, Bumble announced mixed second quarter results and revealed that the app relaunch was not proceeding as planned, leading to a further stock price drop from $8.06 to $5.71 per share [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as November 7, 2023, to August 7, 2024, and shareholders are encouraged to register for participation [3]. - The deadline for shareholders to seek lead plaintiff status is November 25, 2024, and there is no cost to participate in the case [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].

NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Western District of Texas on behalf of those who acquired Bumble Inc. ("Bumble" or the "Company") (NASDAQ: BMBL) securities during the period of November 7, 2023 through August 7, 2024, inclusive ("the Class Period"). Investors have until November 25, 2024, to apply to the Court to be appointed as lead plaintiff in the lawsuit. [Click ...

Core Viewpoint - A securities class action lawsuit has been filed against Bumble Inc. for allegedly misleading investors regarding its market information and growth prospects during the specified Class Period [1][2]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Texas on behalf of investors who acquired Bumble securities between November 7, 2023, and August 7, 2024 [1]. - The lead plaintiff deadline for the lawsuit is November 25, 2024 [1][3]. Group 2: Allegations Against Defendants - The complaint alleges that the defendants created a false impression of having reliable information about Bumble's consumer market, which led to overconfidence in the relaunch of the Bumble app and its marketing campaign [2]. - It is claimed that this false confidence was expected to result in increased user growth and revenue per paid user in the latter half of the year [2]. Group 3: Lead Plaintiff Process - Investors may seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or may choose to remain absent [3]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest and who are representative of the class [3].

Core Viewpoint - Bumble Inc. is facing a class action lawsuit due to allegations of providing misleading statements regarding its relaunch strategy and subscription offerings, which led to artificially inflated stock prices [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Bumble's management made overly positive statements while concealing material adverse facts about the relaunch of its Premium Plus subscription tier and other offerings [1]. - Following the release of disappointing fourth quarter fiscal 2023 results on February 27, 2024, Bumble's stock price fell from $13.18 to $11.23 per share [1]. - On August 7, 2024, Bumble announced mixed second quarter results and revealed that the app relaunch was not proceeding as planned, resulting in a further stock price decline from $8.06 to $5.71 per share [1]. Group 2: Class Action Details - Shareholders who purchased Bumble shares during the class period from November 7, 2023, to August 7, 2024, are encouraged to register for the class action, with a deadline of November 25, 2024, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through portfolio monitoring software throughout the case lifecycle [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [3].

NEW YORK, Oct. 16, 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=108488&from=3 CLASS PERIOD: November 7, 2023 to August ...

RADNOR, Pa., Oct. 16, 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 ...

NEW YORK, Oct. 14, 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 ...