Faruqi & Faruqi, LLP Investigates Claims: Final Deadline Reminder
Investors who have suffered losses exceeding $75,000 in Bumble Inc. between November 7, 2023, and August 7, 2024, may have a chance to seek compensation. Faruqi & Faruqi, LLP is investigating potential claims against Bumble Inc. (NASDAQ: BMBL) and reminding investors of the upcoming deadline to seek the role of lead plaintiff in a federal securities class action against the company.
Faruqi & Faruqi is a well-known national securities law firm with a proven track record of recovering hundreds of millions of dollars for investors. If you are one of the investors who have experienced significant losses in Bumble and would like to explore your legal options, you can contact Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
The investigation into Bumble Inc. revolves around allegations that the company and its executives may have violated federal securities laws by providing investors with misleading information about Bumble’s revenue for 2023 and its expected guidance for the fiscal year 2024. The complaint suggests that the company made overly positive statements to investors while concealing crucial information about its relaunch strategy and the performance of its Premium Plus subscription tier.
The truth began to emerge when Bumble reported disappointing fourth-quarter fiscal 2023 results, leading to a decline in the company’s stock price. Further releases and subsequent earnings calls revealed significant challenges in implementing the company’s app relaunch strategy, resulting in a further decline in stock value.
Investors affected by these developments are encouraged to consider their legal options and potential participation in the class-action lawsuit against Bumble Inc. The court-appointed lead plaintiff will represent the interests of the class members in seeking relief. Additionally, individuals with relevant information about Bumble’s conduct, including whistleblowers, former employees, and shareholders, are encouraged to come forward and share their insights with Faruqi & Faruqi, LLP.
For more information about the class-action lawsuit against Bumble Inc. and to explore your legal options, you can visit the Faruqi & Faruqi website or contact Josh Wilson directly. Remember, your ability to recover losses is not influenced by your decision to serve as a lead plaintiff or remain an absent class member.
