Match Group Inc. Securities Litigation (2019)

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Lawsuit Overview

Defendant:Match Group, Inc.
Date Filed:October 3rd, 2019
Sector:Technology
Industry:Computer Software: Programming, Data Processing

According to the Complaint, Match provides dating products under various brand names including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, and Hinge.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company used fake love interest ads to convince customers to buy and upgrade subscriptions; (2) that the Company made it difficult and confusing for consumers to cancel their subscriptions; (3) that, as a result, the Company was reasonably likely to be subject to regulatory scrutiny; (4) that the Company lacked adequate disclosure controls and procedures; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

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First Identified Complaint

Phillip R Crutchfield, et al. v. Match Group Inc., et al.

Date Filed:October 3rd, 2019
Class Period Start:August 6th, 2019
Class Period End:September 25th, 2019
First Identified Complaint Filings
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