The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Match Group, Inc. (NASDAQ: MTCH) who purchased common stock between November 3, 2021, through January 31, 2023. The action, which was filed in the United States District Court for the District of Delaware, alleges that the Company violated federal securities laws.
In particular, the Match lawsuit alleges that (1) the Company was not effectively executing on Tinder’s new product initiatives; (2) as a result, the Company was not on track to deliver Tinder’s planned product initiatives in 2022; and (3) therefore, defendants’ statements about the Company’s business, operations, and prospects lacked a reasonable basis.
Shareholders have until May 5, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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