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Shareholders that lost money on Match Group, Inc. (MTCH) Urged to Join Class Action – Contact Levi & Korsinsky to Learn More
Match GroupMatch Group(US:MTCH) GlobeNewswire News Room·2024-12-16 19:49

Core Viewpoint - A class action securities lawsuit has been filed against Match Group, Inc. alleging securities fraud that negatively impacted investors between May 2, 2023, and November 6, 2024 [1][2]. Group 1: Lawsuit Details - The complaint 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 time the Company reported its Q3 2024 financial results [2]. - Defendants' statements regarding Match Group's business, operations, and prospects were allegedly materially false and misleading, lacking a reasonable basis during the relevant time [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until January 24, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States, with over 70 employees dedicated to serving clients [4].