#United States #New York #Securities Fraud #Match Group #Rosen Law Firm

New Class Action Lawsuit Against Match Group

The Rosen Law Firm, a prominent global investor rights law firm, has announced the initiation of a class action lawsuit on behalf of investors of Match Group, Inc. (NASDAQ: MTCH). This lawsuit concerns securities purchased between May 2, 2023, and November 6, 2024, marking what is referred to as the Class Period.

Details of the Class Action

The filing addresses serious allegations that the defendants made materially false and/or misleading statements regarding Match Group's operations and especially the performance of its flagship dating platform, Tinder. According to the lawsuit, Match Group significantly downplayed the challenges that Tinder faced, thus failing to communicate the risk associated with its monthly active user count not meeting expectations during the financial disclosures for the third quarter of 2024. These misrepresentations appear to have led to investor damages when the actual performance was revealed.

If you purchased Match Group securities during the specified period, you may be eligible for compensation without incurring out-of-pocket costs, as the firm operates under a contingency fee arrangement. Interested investors are advised to join the class action lawsuit by visiting the Rosen Law Firm's website or contacting Phillip Kim, Esq. at the provided toll-free number.

Importance of Selecting Qualified Counsel

Rosen Law Firm emphasizes the importance of securing competent legal counsel with a proven success track record in leading securities fraud cases. The firm underlines its dedication to representing investors globally and has made remarkable recoveries, achieving one of the largest settlements against a Chinese company in history. With accolades from ISS Securities Class Action Services, the firm has restored significant amounts to investors over the years, exemplified by recovering over $438 million in 2019 alone.

Next Steps for Investors

To participate in the Match Group class action, interested investors should take action by visiting (https://rosenlegal.com/submit-form/?case_id=12766) or reaching out via phone or email as mentioned in the firm’s notice. It is critical to note that no class has been certified yet, and until it is, potential plaintiffs must select their counsel or decide to remain absent from the class without retaining representation.

The deadline for serving as lead plaintiff is set for January 24, 2025. A lead plaintiff serves an essential role, advocating for the interests of all class members, directing litigation, and making strategic decisions throughout the legal process.

Conclusion

This class action gives investors a pivotal opportunity to hold Match Group accountable for its alleged misleading statements and actual financial performance. Stakeholders are encouraged to stay updated on proceedings by following the firm on professional networking platforms. With high stakes in play, those potentially affected should act swiftly to ensure their voices and interests are securely represented in court.