Bumble Inc. Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky …
Did your investment in Bumble Inc. (NASDAQ:BMBL) take a hit recently? If so, you might have a shot at recovering your losses under federal securities laws. A class-action securities lawsuit has been filed against Bumble Inc., and if you’re a shareholder who may have been affected by alleged securities fraud between November 7, 2023, and August 7, 2024, you could be eligible to seek compensation.
Here’s the scoop: Bumble Inc.’s management made some super upbeat statements to investors, but allegedly failed to disclose some crucial details about their relaunch strategy. This included goodies like Premium Plus and base tiers, new experiences for younger users, and enhancing premium offerings for subscription members. These omissions led to shareholders buying Bumble’s securities at prices that were artificially inflated.
Things started to unravel on February 27, 2024, when Bumble reported disappointing fourth-quarter fiscal 2023 results, despite launching the Premium Plus subscription tier in December 2022. The company’s stock took a nosedive the following day. Fast forward to August 7, 2024, and Bumble dropped another bombshell during its earnings call, admitting that the app relaunch wasn’t going as planned. Stock prices plummeted.
If you’ve suffered losses because of these discrepancies, even if you still have those shares, you could have a chance to recoup your losses. It’s worth checking out your options by visiting the link provided. At Levi & Korsinsky LLP, we’ve been in the securities litigation game for over 20 years, fighting for shareholders and securing substantial returns. Our team is ready to help you explore your rights in seeking recovery. Don’t hesitate to reach out to us for a chat about your situation.
