(MTCH Alert) Long Term Holders
SAN DIEGO, May 10, 2022 (GLOBE NEWSWIRE) — Johnson Fistel, LLP is investigating potential claims on behalf of Match Group, Inc. (MTCH) (“Match”) against certain of its officers and directors. Specifically, a pending class action lawsuit in the Northern District of Texas denied the defendants’ motion to dismiss the pending class action lawsuit against Match.
According to the lawsuit, the defendants throughout the class period made false and misleading statements and failed to disclose that: (1) the company used false love interest advertisements to convince customers to buy and upgrade subscriptions; (2) the Company made it difficult and confusing for consumers to cancel their subscriptions; (3) as a result, the Company was reasonably likely to be subject to regulatory review; (4) the Company did not have adequate disclosure controls and procedures; and (5) therefore, Match‘s public statements were materially false and misleading at all relevant times.
If you are a current and long-time Match shareholder holding shares prior to 2020, you may be entitled to hold Match harmless from the alleged harm caused by the officers and directors of the Company by making them personally liable. You may also be able to help reform the company’s corporate governance to prevent future wrongdoing.
To join this action, you can click or copy and paste the link below: https://www.cognitoforms.com/JohnsonFistel/MatchGroupInc3
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivatives and securities class actions. Johnson Fistel is seeking to recover losses incurred due to violations of federal securities laws. For more information about the firm and its lawyers, please visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.
Johnson Fistel, LLP
Jim Baker, 619-814-4471