Kessler Topaz Meltzer & Check, LLP Announces Securities Fraud Class Action Lawsuit Filed Against Bumble Inc.

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 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 deadline for investors to become lead plaintiffs is November 25, 2024 [1][4]. Group 2: Allegations Against Defendants - The complaint claims 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 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 [3]. Group 3: Legal Representation and Process - Investors can seek to be appointed as lead plaintiffs through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to remain absent class members [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 Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].