Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Match Group, Inc. ("Match") (NASDAQ: MTCH) common stock between February 2, 2022 and January 31, 2023, inclusive (the “Class Period”).
The Class Period begins on November 3, 2021, when Match announced its third quarter 2021 financial results after the market closed on November 2, 2021. In a letter to shareholders, Defendants touted Tinder’s “radical product transformation,” which included recently launched product initiatives such as a new “Explore” feature. Defendants further stated that “[t]he interactive and social experiences within Explore are the harbinger for Tinder’s long-term vision,” and noted that Tinder was working on several other monetization opportunities, such as an in-app virtual currency.
Current Status of Case:
On January 30, 2025, Plaintiffs filed a Stipulation of Voluntary Dismissal and the Court terminated the case. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.