NEW YORK, Feb. 20, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Bumble, Inc. (“Bumble” or the “Company”) (NASDAQ: BMBL). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Bumble and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around September 10, 2021, Bumble conducted a secondary public offering (“SPO”), in which its controlling shareholder Blackstone Group Inc. sold 20.7 million shares of Bumble Class A common stock to the public at $54.00 per share. Then, on November 10, 2021, Bumble announced its third quarter 2021 financial results, disclosing that rather than growing paying users, Bumble’s total paying user count had actually declined to 2.86 million, well below the 2.9 million paying users as of June 30, 2021 that Bumble had reported in the SPO’s Registration Statement.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP