Bumble Class Action Lawsuit: 8 Frequently Asked Questions

INTRODUCTION TO THE bumble PIZZA CLASs ACTION LAWSUIT

If you suffered losses in Bumble stock, call Timothy L. Miles today for a free case evaluation

The Bumble class action lawsuit seeks to represent purchasers or acquirers of Bumble Inc. (NASDAQ: BMBL) securities between November 7, 2023 and August 7, 2024, inclusive (the “Class Period”).  Captioned Holzer v. Bumble Inc., No. 24-cv-01131 (W.D. Tex.), the Bumble class action lawsuit charges Bumble and certain of Bumble’s top executives with violations of the Securities Exchange Act of 1934.

If you have suffered losses in Bumble stock and are interested in becoming the lead plaintiff in the Bumble class action lawsuit seeks or have any inquiries regarding your rights as a shareholder, please reach out to Bumble Stock Loss Lawyer Timothy L. Miles at no cost. You can contact him by calling 855/846-6529, sending an e-mail to [email protected], or filling out a contact form. Lead plaintiff motions for the Bumble class action lawsuit seeks must be filed with the court no later than November 25, 2014.

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what are the Key Points of the Bumble Class Action Lawsuit?

• The Bumble class action lawsuit alleges that the defendants, who are associated with Bumble, have engaged in deceptive practices.
• These deceptive practices are said to have created a false impression that the defendants have created and maintained a safe and secure online dating and social networking platform.
• The lawsuit claims that the defendants have misrepresented the safety measures and security protocols in place on the Bumble platform.
• The plaintiffs argue that the defendants have failed to adequately screen and verify the identities of users, leading to an increased risk of fraudulent activity, harassment, and harm to users.
• The lawsuit also alleges that the defendants have failed to promptly and effectively respond to reports of misconduct, thereby further jeopardizing the safety and well-being of users.
• Examples of deceptive practices cited in the lawsuit may include false advertising, misleading statements about the platform's security features, and failure to disclose known risks or issues.
• The plaintiffs are seeking damages for the harm caused by the defendants' alleged deceptive practices and are also requesting injunctive relief to prevent further harm to users.
• It is important to note that these are allegations made in a lawsuit, and the defendants have the opportunity to present their side of the story and defend against the claims in court.

when are LEAD PLAINTIFF DEADLINE IN THE CLASS ACTION against Bumble?

​Lead plaintiff motions for the Lead plaintiff motions for the Bumble class action lawsuit seeks must be filed with the court no later than November 25, 2014. When a securities class action is filed such as the Bumble class action lawsuit:

1. The person who files the first complaint is required to publish a notice announcing the filing.
2. Anyone who wants to be lead plaintiff on behalf of the class must thereafter file a motion to be appointed as lead plaintiff(s) no later than 60 days after the notice was published.

what are your CHOICES IF YOU RECEIVE A NOTICE IN THE Bumble CLASS ACTION LAWSUIT?

​​First, read the notice very carefully.  You have two choices. 

• First, you can do nothing and remain a member of the class represented by lead counsel. 
• Second, if you believe you have a large enough loss to justify it, you can opt out of the Bumble class action lawsuit and file your own separate lawsuit.

​Note, that if you opt-out, you will not be able to participate in any settlement or recovery obtained in the Bumble class action lawsuit.

what is THE LEAD PLAINTIFF PROCESS IN THE Bumble class action LAWSUIT?

​Under the Private Securities Litigation Reform Act of 1995 (PSLRA):

• Any investor who purchased and suffered losses in Bumble stock may seek appointment as lead plaintiff in the Bumble class action lawsuit.
• A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. 
• A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit.
• The lead plaintiff can select a law firm of its choice to litigate the securities class action lawsuit. 
• An investor’s ability to share in any potential future recovery of the class action lawsuit is not dependent upon serving as lead plaintiff. 

THE BENEFITS OF SERVING AS A LEAD PLAINTIFF IN THE Bumble CLASS ACTION LAWSUIT

​

1. Negotiating more competitive attorney fees and reducing litigation costs.​
2. Managing the litigation by overseeing the progress of the case and reviewing important filings.
3. Participating in mediation and settlement discussions.
4. Having a voice in decision-making processes regarding the settlement.
5. No financial risk, as lead counsel covers all costs and expenses and are paid only if they secure a  settlement or judgment recovery for the class
6. Potentially enjoying long-term benefits from governance reform resulting from the litigation.

what are THE RESPONSIBILITIES THE LEAD PLAINTIFF WILL HAVE IN THE Bumble CLASS ACTION LAWSUIT?

1. Selecting, monitoring, and overseeing Lead Counsel.​
2. Reviewing and commenting on court filings on behalf of the class.
3. Discussing litigation strategies with the Lead Counsel.
4. Attending depositions (if necessary) and giving a deposition.
5. Attending hearings (if necessary).
6. Participating in mediation and the trial (if necessary).
7. Provide input on any decision concerning the settlement of the securities class action.

what are the ELIGIBILITY CRITERIA FOR LEAD PLAINTIFF APPOINTMENT IN THE Bumble CLASS ACTION LAWSUIT?

To be eligible for appointment as the lead plaintiff in the Bumble class action lawsuit, an investor must meet the following criteria:

1. Securities Acquisition: The investor must have purchased or acquired of Bumble Inc. (NASDAQ: BMBL) securities between November 7, 2023, and August 7, 2024
2. Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Bumble and its executives.
3. Typicality and Adequacy: The investor's legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.

It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the Bumble class action lawsuit, as courts have consistently recognized the rights of non-U.S. investors in securities class actions.

what are the LEGAL REQUIREMENTS FOR PREVAILING IN THE Bumble CLASS ACTION LAWSUIT?

1. ​Material Misrepresentation or Omission
2. Scienter
3. Connection to Securities Transaction
4. Reliance
5. Economic Loss
6. Loss Causation

CONTACT Bumble STOCK LOSS LAWYER TODAY TIMOTHY L MILES TODAY ABOUT A Bumble CLASS ACTION LAWSUIT

​​If you suffered losses in Bumble Class Action Lawsuit, stock, contact Bumble stock loss lawyer Timothy L. Miles today for a free case evaluation about a Bumble class action lawsuit, class action lawsuit. Call today and see what a Bumble class action lawsuit, stock loss lawyer could do for you if you suffered losses in Bumble ​stock. ​This will most likely be the only call you need to make. (855) 846–6529 or [email protected]. ​

The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
Phone: (855) 846–6529
​​Email: [email protected]

Bumble stock loss lawyer Timothy L. Miles​ ​

Nashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors,  shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,​Class Action:  Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).  Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more.  Please visit our website or call for free anytime.
• Top 100 Civil Plaintiff Trial Lawyers by The National Trial Lawyers Association (2017-2022).
• Class Action:  Top 25 National Trial Lawyers by the National Trial Lawyers Association (2023)
• AV® Preeminent™ Attorney by Martindale-Hubbell® (2014-2022).
• AV® Preeminent™ Attorney – Judicial Edition (2017-2022).
• Top Ranked Lawyer by Martindale-Hubbell® and ALM  (2019-2022).
• Top Rated Litigator by Martindale-Hubbell® and ALM  (2019-2022)
• Elite Lawyer of the South by Martindale-Hubbell® and ALM  (2019-2022).
• PRR AV Preeminent Rating on Lawyers.com by Martindale-Hubble® (2018-2022).
• America’s Most Honored Lawyers 2020 – Top 1% by Lawyers of Distinction (2020-2021).
• America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022).
• Top 1% of Attorneys in America by Premier Lawyers of America (2019-2021).
• Nation’s Top One Persent by the National Association of Distinguished Counsel (2021).
• The Top-Rated Lawyer in Litigation™ for Ethical Standards and Legal Ability by Martindale-Hubble® (Feb. 2015).
• Distinguished Lawyer, Recognizing Excellence in Securities Law, Lawyers of Distinction (2019-2021)
• Lifetime Achievement Award by Premier Lawyers of America (2019-2021).
• Superb Rated Attorney, (10.0 out of 10), the Highest Rating Possible by Avvo.
• Avvo Top Rated Lawyer (Avvo 2017-2022).
• Avvo Client's Choice Award 2021 (Avvo 2021).
• Elite Lawyer 2021 by Elite Lawyer (2019-2021).
• America’s Most Honored Professionals – Top 1% (American Registry 2016-2022).
• Top Rated Lawyers in Tennessee (Lawyers of Distinction 2021-2022)

CONTACT                                                      
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
​300 Centerview Dr., #247
Brentwood, TN 37027
​​Phone:(855) 846-6529.