ROSEN, GLOBAL INVESTOR ADVISOR, Bumble Inc. BMBL Encourages Investors to Seek Counsel Ahead of Crucial Deadline in Securities Class Action Lawsuit

(MENAFN– EIN Presswire) NEW YORK, October 26, 2024 (GLOBE NEWSWIRE) —

FROM WHERE: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Bumble Inc. (NASDAQ: BMBL) for the significant period between November 7, 2023 and August 7, 2024 (the “Class Period”), both inclusive . November 25, 2024 is the deadline for the plaintiff.

SO WHAT: If you purchased Bumble securities during the Class Period you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Bumble class action, go to or call Phillip Kim, Esq. For information about the class action, you can contact us toll-free at 866-767-3653 or by email. A class action lawsuit has already been filed. If you want to serve as lead plaintiff, you must move the Court. no later than 25 November 2024 . The lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Most of these firms do not actually litigate securities class actions; they are merely intermediaries who refer clients or are partners with law firms that actually handle the cases. Be smart when choosing an advisor. The Rosen Law Firm represents investors worldwide, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked #1 by ISS Securities Class Action Services for number of securities class action lawsuits in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm raised over $438 million in funding from investors. In 2020, co-founder Laurence Rosen was named a Plaintiffs’ Bar Titan by law360. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants created the false impression that they had reliable information regarding Bumble’s projected revenue outlook and expected growth through tiered subscription options and subsequent app relaunches, while also downplaying the potential disruption. Bumble’s brand and reputation are damaged by the recent change in leadership. In reality, Bumble’s Premium Plus subscription plan lacked a clear fit in the market and needed to be revamped very quickly. Bumble’s tiered subscription options were ill-equipped to deliver the claimed revenue per user to Bumble’s declining market share, especially when it came to user growth and monetization. Defendants misled investors by providing the public with materially flawed confidence statements and growth forecasts that did not take into account these variables. When the real details emerged, it was claimed in the case that investors suffered losses.

To join the Bumble class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or by email for information about the class action lawsuit.

No Classes Certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the consultant you want. You can also remain an absent member of the class and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent on serving as lead plaintiff.

Lawyer Advertisement. Previous results do not guarantee a similar result.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, PA
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
…

-P

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Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, please contact the provider above.