Bumble, Blackstone Defend Stock Sales Disputed by Investors (2)

A special litigation committee of the Bumble Inc. board sought to assure a Delaware court Wednesday that investors’ insider trading claims against the dating app’s founder and her Blackstone Inc. backers are too weak to pursue through expensive litigation.

“There’s no evidence to support any idea that Blackstone was rushed or thinking that something wrong was going on” before the September 2021 stock offering in which the private equity giant made sales of over $1 billion, the committee’s attorney, Amanda MacDonald of Williams & Connolly LLP told the Delaware Chancery Court.

When Bumble announced that year’s third-quarter results on Nov. ...