#United States #New York #Match Group #Rosen Law Firm #Securities Class Action

Class Action Lawsuit Filed Against Match Group, Inc.

On November 26, 2024, Rosen Law Firm, recognized globally for advocating investor rights, announced an updated class action lawsuit on behalf of Match Group, Inc. (NASDAQ: MTCH) shareholders. The legal action targets investors who purchased Match Group securities from May 2, 2023, to November 6, 2024, inclusive of both dates, referred to as the 'Class Period'.

Background of the Lawsuit

The firm alleges that during the Class Period, Match Group executives made several inaccurate or misleading statements regarding the company's performance and operational challenges, specifically concerning its flagship product, Tinder. The lawsuit outlines that Match Group significantly downplayed difficulties impacting Tinder, leading to a misrepresentation of the risk associated with the decline in active user engagement. Consequently, investors believed that the monthly active user numbers would rebound by the time the company disclosed its financial results for the third quarter of 2024.

Moreover, these misleading statements fundamentally impacted investor perception of Match Group's business health and trajectory. When the genuine state of the company surfaced in the market, many investors reportedly suffered financial losses due to these revelations.

How to Join the Class Action

Those affected and looking to join this class action can visit Rosen Law Firm's website for more details or reach out directly to Phillip Kim, Esq., who is handling the case, at 866-767-3653. Additionally, communications via email can be directed to [email protected]

The lawsuit mandates that any potential lead plaintiffs or class members must file their motions by January 24, 2025. A lead plaintiff serves as a representative for other affected individuals in steering the lawsuit.

It’s important to clarify that as of now, no class has been certified in this lawsuit. Participants are advised to take their own legal counsel rather than being presumed represented unless they actively engage with a lawyer of their choice. If investors decide to remain passive without filing any claims, their ability to potentially benefit from a recovery in the future will remain unaffected.

Rosen Law Firm's Reputation

Rosen Law Firm has a commendable track record, being recognized among the top firms for securities class action settlements. The firm achieved a number one ranking by ISS Securities Class Action Services in 2017 due to the volume of successful settlements. Since 2013, they have consistently maintained a position in the top four rankings, illustrating their expertise and focused approach in securities litigation.

With an extensive focus on class action and shareholder derivative litigation, Rosen Law Firm has secured multiple settlements amounting to hundreds of millions for investors globally. Their attorneys are consistently acknowledged and ranked by independent sources, underscoring their commitment to protecting investors and advocating their rights.

For ongoing updates regarding the lawsuit and other developments, follow Rosen Law Firm on social media platforms, including LinkedIn, Twitter, and Facebook.

In these uncertain times, investors are urged to remain vigilant regarding their rights and to stay informed about potential implications affecting their investments in Match Group, Inc. Understanding the evolving legal landscape, especially regarding securities and class actions, is crucial for making informed financial decisions.