NEW YORK, NY / ACCESSWIRE / February 1, 2022 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

BHG Shareholders Click Here: https://www.zlk.com/pslra-1/bright-health-group-inc-loss-submission-form?prid=22773&wire=1
FSLR Shareholders Click Here: https://www.zlk.com/pslra-1/first-solar-inc-loss-submission-form?prid=22773&wire=1
BMBL Shareholders Click Here: https://www.zlk.com/pslra-1/bumble-inc-loss-submission-form?prid=22773&wire=1

* ADDITIONAL INFORMATION BELOW *

Bright Health Group, Inc. (NYSE:BHG)

This lawsuit is on behalf of all persons and entities other than defendants that purchased or otherwise acquired: (a) Bright Health common stock pursuant and/or traceable to documents issued in connection with the Company’s initial public offering conducted on or about June 24, 2021; and/or (b) Bright Health securities between June 24, 2021 and November 10, 2021.
Lead Plaintiff Deadline : March 7, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/bright-health-group-inc-loss-submission-form?prid=22773&wire=1

According to the filed complaint, (i) Bright Health had overstated its post-IPO business and financial prospects; (ii) the Company was ill-equipped to handle the impact of COVID-19-related costs; (iii) the Company was experiencing a decline in premium revenue because of a failure to capture risk adjustment on newly added lives; (iv) all the foregoing was reasonably likely to have a material negative impact on Bright Health’s business and financial condition; and (v) as a result, the documents issued in connection with the IPO and Defendants’ public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.

First Solar, Inc. (NASDAQ:FSLR)

This lawsuit is on behalf of all persons or entities that purchased or otherwise acquired shares of First Solar common stock between February 22, 2019, and February 20, 2020, inclusive.
Lead Plaintiff Deadline : March 8, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/first-solar-inc-loss-submission-form?prid=22773&wire=1

According to the filed complaint, defendants made repeated misrepresentations to investors regarding the development of First Solar’s newest “Series 6” solar module, the cost per unit it could achieve with that module, and the impact the changeover to this new product would have on the viability of its other business segments. As a result of defendants’ misrepresentations, First Solar common stock traded at artificially inflated prices during the class period.

Bumble Inc. (NASDAQ:BMBL)

This lawsuit is on behalf of all purchasers of the Class A common stock of Bumble directly in Bumble’s secondary public stock offering which took place on or about September 10, 2021.
Lead Plaintiff Deadline : March 25, 2022
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/bumble-inc-loss-submission-form?prid=22773&wire=1

According to the filed complaint, (a) Bumble’s paying user growth trends had abruptly reversed in 3Q21 and the Company had actually lost tens of thousands of paying users during the quarter; (b) paying users had been more reluctant to sign up for the Bumble app during 3Q21 because of the recent price hike for paid services on the app; (c) a material number of paying users were leaving the Badoo app, a dating-focused social network, and/or could not make payments through the Badoo app due, in substantial part, to problems arising from the Company’s transition of its payment platform; and (d) as a result of the foregoing, Bumble’s business metrics and financial prospects were not as strong as the Registration Statement had represented.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE : Levi & Korsinsky, LLP

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