#USA #Match Group #New Orleans #Kahn Swick #Charles Foti

investor_alert

In a recent announcement from Kahn Swick & Foti, LLC, renowned for its expertise in securities litigation, investors holding shares of Match Group, Inc. (NasdaqGS: MTCH) are urged to pay attention to an ongoing class action lawsuit. This litigation emerged from concerns regarding significant financial losses incurred by investors, particularly those whose losses exceed $100,000, during a defined timeframe.

Timeline of Events

The important timeline for potential lead plaintiffs is rapidly approaching. Investors have until January 24, 2025, to file their applications for lead plaintiff status in this class action case. The defined class period under scrutiny spans from May 2, 2023, to November 6, 2024. This action has been lodged with the United States District Court for the Central District of California, where the allegations against Match Group and its executives are currently under consideration.

The Nature of the Allegations

The lawsuit alleges that Match Group and its leadership failed to disclose critical information that would have impacted investors' decision-making. Specifically, claims allege that the company materially understated the hurdles facing its popular dating app, Tinder. Accordingly, this resulted in a misleading presentation regarding Tinder's monthly active users, which would not recover sufficiently by the time Match Group reported its financial results for the third quarter of 2024.

This failure to disclose material facts not only threatens investor trust but also raises serious breaches of federal securities laws. Among other implications, the lawsuit asserts that Match Group's executives provided materially false statements that lacked a reasonable foundation, thus affecting the company's overall business operations and future outlook.

Legal Counsel Available

For those who may have been adversely impacted by these developments, Kahn Swick & Foti, LLC invites investors to discuss their legal rights without any obligation. Investors seeking further information can reach out to KSF Managing Partner Lewis Kahn at 1-877-515-1850. Inquiries can also be submitted via email at info@ksfcounsel.com, or you can visit their dedicated page for Match Group on their website for more details on how to proceed.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC stands as one of the leading firms specializing in securities litigation across the nation. The firm's extensive experience and dedication to representing various clients, including institutional investors, hedge funds, and retail investors, highlight its mission to seek justice and recovery for clients suffering from corporate misconduct.

With office locations in key states including New York, California, and Illinois, KSF is well-positioned to support aggrieved investors throughout the legal process. Their robust approach to legal advocacy instills hope and reassurance for those affected in this matter.

Investors who purchased securities during the specified period should remain vigilant and consider taking action before the deadline approaches. This ongoing class action underscores the importance of transparency and accountability in financial dealings, reminding investors of their rights to pursue claims against misleading corporate behavior.