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].
BMBL DEADLINE: Kessler Topaz Meltzer & Check, LLP Reminds Bumble Inc. Investors of Deadline and Encourages Investors with Losses to Contact the Firm