| COMPANY |
Match Group, Inc. |
| COURT |
United States District Court for the District of Delaware |
| CASE NUMBER |
1:23-cv-00245 |
| JUDGE |
The Hon. Maryellen Noreika |
| CLASS PERIOD |
February 2, 2022 and January 31, 2023 |
| SECURITY TYPE |
Common Stock |
Case Background:
This is a class action lawsuit on behalf of those who purchased or acquired Match Group, Inc. ("Match") (NASDAQ: MTCH) common stock between February 2, 2022 through January 31, 2023, both dates 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 September 22, 2023, the Defendants filed a Motion to Dismiss the Amended Complaint. A Report and Recommendations was entered June 27, 2024. Lead Plaintiff filed Objections to the Report and Recommendations on July 11, 2024. On July 12, 2024, the Court adopted the Report and Recommendation and granted the Motion to Dismiss and overruled the Objections in part. Lead Plaintiff filed a Second Amended Complaint on August 12, 2024. This action is ongoing.
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.