Bumble(US:BMBL) GlobeNewswire News Room·2024-10-26 23:36Core 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 action lawsuit pertains to Bumble Inc. securities purchased between November 7, 2023, and August 7, 2024, with a lead plaintiff deadline of November 25, 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 can join by contacting Rosen Law Firm [1][4] 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 and being ranked No. 1 for securities class action settlements in 2017 [2] - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [2] - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise [2] Group 3: 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 concerning its subscription options and leadership changes [3] - Bumble's Premium Plus subscription plan reportedly lacked a clear market fit and required significant revisions [3] - The defendants are accused of providing materially flawed statements that did not accurately reflect the company's challenges, leading to investor damages when the truth emerged [3]