BLOOMBERG LAW - Bumble is facing a securities class action lawsuit, alleging that the company made false and misleading statements about its business operations, specifically regarding the relaunch of its dating app and the growth of its Premium Plus subscription tier. According to the lawsuit, these misstatements inflated Bumble's stock price, causing losses for investors when the truth emerged through a series of corrective disclosures starting on Feb. 27, 2024. The complaint cites violations of Sections 10(b) and more.