Core Viewpoint - The Bumble class action lawsuit alleges that Bumble Inc. and its executives misled investors regarding the company's market position and growth prospects, leading to significant stock price declines following disappointing financial results [4][5][6]. 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]. - The lawsuit claims violations of the Securities Exchange Act of 1934 by Bumble and its top executives [1]. Group 2: Allegations and Financial Impact - The lawsuit alleges that Bumble's management created a false impression of having reliable market information, which led to overconfidence in the relaunch of the Bumble app and the Premium Plus subscription tier [4]. - On February 27, 2024, Bumble reported disappointing fourth quarter fiscal 2023 results, leading to a nearly 15% decline in stock price after lowering its guidance for full year 2024 [5]. - On August 7, 2024, Bumble announced 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 [6].

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 [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 made positive statements while concealing material adverse facts about its Premium Plus subscription tier and overall relaunch strategy [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 the next day, indicating a significant market reaction to the news [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 decline from $8.06 to $5.71 per share on August 8, 2024 [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, with a deadline of November 25, 2024, to seek lead plaintiff status [3]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case, ensuring they are informed of any developments [3]. Group 3: Legal Representation - The Gross Law Firm, a nationally recognized class action law firm, is representing the shareholders, emphasizing its commitment to protecting investors' rights against deceit and fraud [4]. - The firm aims to recover losses incurred by investors due to misleading statements that led to inflated stock prices, reinforcing its role in ensuring responsible business practices [4].

Core Viewpoint - A securities class action lawsuit has been filed against Bumble Inc. on behalf of investors who acquired Bumble securities between November 7, 2023, and August 7, 2024, with a lead plaintiff deadline set for November 25, 2024 [1]. Group 1: Allegations and Misconduct - The complaint alleges that during the Class Period, Bumble's defendants misled investors by creating a false impression of having reliable information about the consumer market, which led to overconfidence in the relaunch of the Bumble app and its marketing campaign [3]. Group 2: Legal Process and Participation - Investors in Bumble can seek to be appointed as lead plaintiffs by November 25, 2024, through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to remain absent class members [4]. - The lead plaintiff will represent all class members in directing the litigation and is typically the investor or small group of investors with the largest financial interest [4]. Group 3: Firm Background - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a global reputation for recovering billions of dollars for victims of corporate misconduct [5].

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 projected revenue per user, impacting Bumble's market share [4]. - The misleading statements made by the defendants resulted in investor damages when the true situation was revealed [4].

Core Viewpoint - The Bumble class action lawsuit alleges that Bumble Inc. and its executives misled investors regarding the company's market position and growth prospects, leading to significant stock price declines following disappointing financial results [4][5][6]. Company Overview - Bumble Inc. operates in the online dating and social networking industry [3]. Allegations and Financial Impact - The lawsuit claims that Bumble's management created a false impression of confidence in the relaunch of the Bumble app and its Premium Plus subscription tier, which was expected to drive growth [4]. - 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 and lowering its guidance for full year 2024 [5]. - On August 7, 2024, Bumble announced 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 after cutting fiscal year guidance for a second time [6]. Legal Process - Investors who purchased Bumble securities during the class period from November 7, 2023, to August 7, 2024, can seek appointment as lead plaintiff in the class action lawsuit [1][7]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud cases, having recovered $6.6 billion for investors in securities-related class action cases [8].

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][3]. Group 1: Lawsuit Details - The lawsuit was 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][4]. 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 [3]. - 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 [3]. Group 3: Legal Representation and Process - Investors may seek to be appointed as lead plaintiffs to represent the class, or they can choose to remain absent class members [4]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case [4]. Group 4: Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5]. - The firm emphasizes its commitment to protecting investors from fraud and negligence [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bumble Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1] Group 1: Class Action Details - The Class Period for the Bumble securities lawsuit is from November 7, 2023, to August 7, 2024 [1] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by November 25, 2024, to serve as lead plaintiff [2] Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time [3] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013 [3] - In 2019, the firm secured over $438 million for investors [3] Group 3: Case Allegations - The lawsuit alleges that Bumble's management misled investors regarding the company's revenue outlook and growth potential, particularly concerning its subscription options and leadership changes [4] - Bumble's Premium Plus subscription plan reportedly lacked a clear market fit and required revamping [4] - The defendants are accused of providing materially flawed statements that did not accurately reflect the company's market challenges, leading to investor damages when the truth emerged [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 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 ...