Class Action Filed Against Bumble Inc. (BMBL) - November 25, 2024 Deadline to Join

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]. 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]. - The company's stock price fell from $13.18 on February 27, 2024, to $11.23 on February 28, 2024, following disappointing fourth quarter results and the announcement of a revamp for 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 [2]. Group 2: Next Steps for Shareholders - Shareholders who purchased Bumble shares during the 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 case lifecycle [3]. Group 3: Law Firm Information - The Gross Law Firm is leading the class action, focusing on protecting investors' rights against deceit and fraud in business practices [4]. - The firm aims to recover losses incurred by investors due to misleading statements that led to stock price inflation [4].