Core 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 Period for the Bumble securities lawsuit is from November 7, 2023, to August 7, 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 must move the Court by November 25, 2024, to serve as lead plaintiff [2] 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 at the time [3] - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013 [3] - In 2019, the firm secured over $438 million for investors [3] Group 3: Case Allegations - The lawsuit alleges that Bumble's management misled investors regarding the company's revenue outlook and growth potential, particularly concerning its subscription options and leadership changes [4] - Bumble's Premium Plus subscription plan reportedly lacked a clear market fit and required revamping [4] - The defendants are accused of providing materially flawed statements that did not accurately reflect the company's market challenges, leading to investor damages when the truth emerged [4]
BMBL DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages Bumble Inc. Investors to Secure Counsel Before Important November 25 Deadline in Securities Class Action – BMBL