Kessler Topaz Meltzer & Check, LLP Reminds Bumble Inc. Investors of Important Deadline in Securities Fraud Class Action Lawsuit

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 set for 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: Lead Plaintiff Process - Investors may seek to be appointed as a lead plaintiff representative of the class by the deadline or may choose to remain absent [4]. - The lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case [4]. Group 4: Firm Information - Kessler Topaz Meltzer & Check, LLP is known for prosecuting class actions and has a reputation for recovering billions for victims of corporate misconduct [5]. - The firm encourages Bumble investors who have suffered losses to contact them for more information [5].