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Rosen Law Firm Issues Updated Notice in Securities Class Action Lawsuit on Behalf of Match Group, Inc. Investors - MTCH
Match GroupMatch Group(US:MTCH) Prnewswireยท2024-11-26 18:18

Core Viewpoint - A class action lawsuit has been filed against Match Group, Inc. for allegedly making false and misleading statements regarding the challenges faced by Tinder, which impacted investor confidence and the company's financial results [1][3]. Group 1: Lawsuit Details - The lawsuit was filed by Rosen Law Firm on behalf of investors who purchased Match Group securities between May 2, 2023, and November 6, 2024 [1]. - The lawsuit claims that Match Group materially understated the challenges affecting Tinder, leading to an underestimation of the risk that Tinder's monthly active user count would not recover by the third quarter of 2024 [3]. - Investors are seeking damages under federal securities laws due to the alleged misleading statements made by the defendants throughout the class period [1][3]. Group 2: Participation Information - Potential plaintiffs can file a lead plaintiff motion with the court by January 24, 2025, to represent other class members in the litigation [4]. - Interested parties can join the class action or inquire about their rights by contacting Rosen Law Firm [2][4]. Group 3: Firm Background - Rosen Law Firm specializes in securities class actions and has a strong track record, being ranked No. 1 for the number of securities class action settlements in 2017 and consistently in the top 4 since 2013 [7]. - The firm has secured hundreds of millions of dollars for investors and has been recognized by various independent sources for its achievements in securities litigation [7].