Bumble Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky …
If you’ve been keeping an eye on your Bumble Inc. (NASDAQ:BMBL) investment and found yourself at a loss, there may be some potential for recovery under the federal securities laws. It might be a good idea to explore your options and learn more about what you can do next. You can find more information by following this link: https://zlk.com/pslra-1/bumble-lawsuit-submission-form?prid=113457&wire=1, or you can reach out to Joseph E. Levi, Esq. with an email at [email protected] or a quick call at (212) 363-7500 to connect with our team of seasoned shareholder advocates.
Here’s the rundown on the lawsuit: a class action securities lawsuit has been filed against Bumble Inc. This lawsuit aims to recover losses experienced by shareholders due to alleged securities fraud that occurred between November 7, 2023, and August 7, 2024. The complaint alleges that while the defendants were painting a rosy picture of Bumble’s relaunch strategy to investors, behind the scenes, there were false and misleading statements being made. It centered around aspects like new subscription tiers and user engagement strategies that weren’t quite as promising in reality as they seemed.
The real story began to unravel on February 27, 2024, when Bumble released a press statement detailing disappointing fiscal results for the fourth quarter of 2023. Despite rolling out the Premium Plus subscription tier late in 2022, things didn’t quite pan out as expected. This led to a drop in Bumble’s stock price from $13.18 per share on February 27, 2024, to $11.23 per share the next day. Later on, on August 7, 2024, more mixed news came out with Bumble announcing less-than-favorable second-quarter 2024 results. The app’s much-hyped relaunch wasn’t hitting the mark, and plans needed a rethink, causing another slump in stock price from $8.06 per share to $5.71 per share.
If you’ve had a loss during this timeframe – or currently hold Bumble shares that have seen a decrease in value – it’s worth exploring your options. You can visit https://zlk.com/pslra-1/bumble-lawsuit-submission-form?prid=113457&wire=1 to get a better understanding of your rights and how you can pursue a potential recovery. This process won’t cost you anything, and there’s no obligation to participate.
Levi & Korsinsky LLP has a solid reputation in the field of securities litigation, having collected significant sums for shareholders over the past two decades. With a dedicated team and a track record of successful outcomes, they are well-equipped to handle cases that matter. If you’d like to connect, you can reach out to Levi & Korsinsky at:
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
Remember, it’s essential to stay informed and know your options when it comes to securities litigation. It’s always better to explore and understand your rights, especially when investments are involved.
