Match Group, Inc. Class Action Lawsuit - MTCH
Case Summary
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The Match Group class action lawsuit seeks to represent purchasers or acquirers of Match Group, Inc. (NASDAQ: MTCH) publicly traded securities between May 2, 2023 and November 6, 2024, inclusive (the “Class Period”). Captioned Meslage v. Match Group, Inc., No. 24-cv-10153 (C.D. Cal.), the Match Group class action lawsuit charges Match Group and certain of Match Group’s top executives with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Match Group class action lawsuit, please provide your information in the form on this page. You can also contact attorney J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Match Group class action lawsuit must be filed with the court no later than January 24, 2025.
CASE ALLEGATIONS: Match Group engages in the provision of dating products. Match Group’s products include Tinder, Hinge, and Match, among others.
The Match Group class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that Match Group materially understated the challenges affecting Tinder and, as a result, understated the risk that Tinder’s monthly active user (“MAU”) count would not recover by the time Match Group reported its financial results for the third quarter of 2024.
The Match Group class action lawsuit further alleges that on November 6, 2024, Match Group published its third quarter 2024 shareholder letter, revealing that “Tinder MAU was down 9% Y/Y in Q3, which was the same rate of decline as in Q2, falling short of our expectations for continued improvement in Y/Y trends.” On this news, the price of Match Group stock fell nearly 18%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Match Group publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Match Group class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Match Group class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Match Group class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Match Group class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.