#USA #New York #Class Action #Gross Law Firm #Match Group

Class Action Lawsuit for Match Group, Inc. Shareholders

On December 5, 2024, The Gross Law Firm alerted shareholders of Match Group, Inc. (NASDAQ: MTCH) regarding a class action lawsuit. This announcement comes as shareholders who acquired shares during the identified class period are encouraged to assess their standing and possibly register for lead plaintiff status. According to the announcement, qualifying participants have until January 24, 2025, to make their claims official.

Background of the Class Action

The allegations state that from May 2, 2023, to November 6, 2024, Match Group made misleading statements about its operations and the challenges faced by Tinder, which is one of its key applications. Specifically, the claims assert that the company intentionally understated the difficulties impacting Tinder's business, particularly its monthly active user base. This negligence has had significant consequences, leading to potential losses for shareholders.

Details on the Allegations

The complaint outlines two critical points regarding the defendants’ statements:
1. Understatement of Challenges: Match Group allegedly failed to adequately disclose the significant hurdles facing Tinder, leading investors to have an overly optimistic view of the platform's user recovery before the company's Q3 2024 financial report.
2. Misleading Prospects: It is argued that the company’s communications concerning its overall business conditions lacked a reasonable basis, thereby misleading investors about their chances of recovery from previous losses.

Deadline for Registration

Shareholders who purchased shares during the class period are urged to promptly register for this class action. The deadline for registering as a lead plaintiff is January 24, 2025. Those who register will be integrated into a portfolio monitoring system, keeping them informed about the case's developments.

Register Your Status: It is critical for affected shareholders to act quickly. There are no costs or obligations involved in participating in this lawsuit, and registration can be easily completed via the provided link (insert link).

Why Choose the Gross Law Firm?

The Gross Law Firm specializes in class action lawsuits, particularly those that protect investors' rights. Their mission centers around advocating for shareholders who have faced deceit or fraud in business practices. The firm’s commitment to holding companies accountable for misleading information aims to enable investors to recover their losses resulting from stock inflation caused by false or missing information.

Final Thoughts

This class action lawsuit serves as a crucial reminder for investors to stay vigilant about the information provided by public companies regarding their financial health and operational challenges. Shareholders of Match Group, Inc. should take immediate action to safeguard their rights and consider this opportunity to potentially recover losses incurred during the described period.

For additional information, individuals can contact The Gross Law Firm directly at their New York office located at 15 West 38th Street, 12th floor, New York, NY, 10018. You can reach them via email or phone: (646) 453-8903.

• ---