Upcoming Deadline for Match Group, Inc. Class Action Lawsuit on Securities Fraud

Class Action Lawsuit for Match Group, Inc. Investors

On January 21, 2025, Levi & Korsinsky, LLP announced critical news for investors in Match Group, Inc. (NASDAQ: MTCH) regarding a pending class action lawsuit. Investors who may have faced losses due to alleged securities fraud are being notified of a lead plaintiff deadline, which is quickly approaching on January 24, 2025.

Overview of the Class Action Lawsuit

The class action lawsuit aims to recover losses for investors adversely affected by claimed securities fraud from May 2, 2023, to November 6, 2024. Allegations against Match Group, Inc. revolve around misleading statements associated with its business operations, particularly concerning Tinder, one of its key brands. The complaint claims that during this period, the company significantly downplayed challenges facing Tinder, falsely suggesting that the monthly active user count would bounce back significantly when they reported third-quarter results in 2024.

For affected investors, the lawsuit represents a crucial opportunity for potential recovery. Those wishing to become lead plaintiffs must submit their requests to the court before the deadline passes. However, participation in the class does not necessitate a lead plaintiff role to be eligible for compensation should the court rule in favor of the plaintiffs.

What Investors Should Know

Investors need to take note of the following key details:
1. Class Definition: This case is designed for investors who suffered financial setbacks linked to the alleged misrepresentations by Match Group.
2. Allegations: The lawsuit argues that the defendants misrepresented the company’s operational challenges and underreported risks, particularly concerning Tinder's performance.
3. No Financial Burden: If investors are class members, they can participate without incurring personal costs. There’s no obligation or fees to be part of this class action, providing an incentive for investors to join.

Why Choose Levi & Korsinsky?

Levi & Korsinsky, LLP has a robust history in effectively navigating securities litigation, having secured hundreds of millions of dollars for disgruntled shareholders over two decades. They boast a dedicated team, with over 70 professionals well-versed in complex securities cases. Their track record has earned them recognition from ISS Securities Class Action Services, ranking consistently in the top 50 securities litigation firms in the United States.

Next Steps for Investors

Those who believe they qualify for the class action are advised to contact legal representatives as soon as possible. Joseph E. Levi, Esq. from Levi & Korsinsky, is available for inquiries via email or telephone. The firm is prepared to guide potential class members through the entire process, ensuring they understand their rights and options.

Investors can obtain further information regarding the class action and the lawsuit by visiting this link.

In conclusion, the looming deadline provides a vital reminder that swift action may be required for affected investors. Engaging with knowledgeable legal counsel can also play a crucial role in navigating the complexities of this situation and potentially recovering losses attributed to the alleged securities fraud linked to Match Group, Inc.