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Meet The Attys In Bumble Public Offering Suit In Chancery

Law 360

Grant & Eisenhofer PA attorneys are representing a pension fund investor in dating app company Bumble Inc. in a Delaware Chancery Court suit accusing company officers and controlling shareholder Blackstone Inc. of manipulating a September 2021 secondary public offering to unfairly benefit Blackstone affiliates.

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Bumble's ID-Based Shares OK Under Del. Law, App Says

Law 360

A shareholder voting structure that grants Bumble Inc. founder Whitney Wolfe Herd and the dating app's private equity sponsor Blackstone Inc. special stock with 10 times the voting power of common shares is not illegal, an attorney for the company told Delaware's Court of Chancery on Tuesday.

Laws 75
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Chancery Sends Bumble Insider Trade Suit Toward Trial

Law 360

A Delaware vice chancellor refused to dismiss late Tuesday a Bumble Inc. derivative stockholder suit accusing the online dating platform's board of lining up a secondary offering that allowed controlling shareholder Blackstone Inc. to sell ahead of a bad news-fueled stock drop, netting the latter company an extra $328 million.

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