BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Varonis Systems, Inc. (Nasdaq – VRNS), CCC Intelligent Solutions Holdings Inc. (Nasdaq – CCC), Bumble Inc. (Nasdaq – BMBL), Penske Automotive Group, Inc. (NYSE – PAG)

Brodsky & Smith announced that it is reminding investors about unspecified investigations and invited shareholders to contact the firm. The notice provides no details about the investigations or any companies involved.

Analysis

This notice is a solicitation to discuss unspecified shareholder investigations, not evidence of a finding, enforcement action, or quantified financial exposure. With no company names, alleged conduct, transaction details, or procedural status supplied, there is no defensible basis to map the item to a security or estimate earnings, balance-sheet, or valuation impact. The immediate signal is therefore informational and likely non-tradable. Any market relevance depends on identifying the subject and confirming the underlying allegations through court filings, company disclosures, or regulator records. Do not infer that an investigation exists for any particular issuer from this excerpt alone.

Key Decisions for Investors

• No trade on this notice alone; the subject companies and alleged conduct are not identified.
• If a portfolio holding is subsequently named, verify the complaint or investigation scope, alleged loss mechanism, procedural stage, and any disclosed contingencies before changing exposure.
• Treat a filed complaint, regulator action, or material company disclosure as a separate catalyst; reassess only if it establishes plausible financial exposure or changes transaction certainty, guidance, or governance risk.