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BMBL DEADLINE NOTICE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Bumble Inc. Investors to Secure Counsel Before Important November 25 Deadline in Securities Class Action – BMBL
BMBLBumble(BMBL) GlobeNewswire News Room·2024-11-21 17:11

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Bumble Inc. securities between November 7, 2023, and August 7, 2024, of the upcoming lead plaintiff deadline on November 25, 2024, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who bought Bumble securities during the specified class period may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by November 25, 2024 [2]. - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. Group 2: 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 related to its tiered-subscription options and app relaunch [4]. - It is claimed that Bumble's Premium Plus subscription plan lacked a clear market fit and required significant revisions, while the tiered-subscription options failed to deliver the projected revenue per user, impacting Bumble's market share [4]. - The misleading statements made by the defendants resulted in investor damages when the true situation was revealed [4].