Match Group(US:MTCH) Prnewswireยท2024-12-26 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Match Group, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its business operations and the challenges facing its Tinder platform [1][2]. Group 1: Allegations and Class Period - The class period for the lawsuit is from May 2, 2023, to November 6, 2024 [2]. - The allegations include that Match Group significantly 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]. Group 2: Shareholder Actions - Shareholders who purchased shares during the class period are encouraged to register for the class action, with a deadline of January 24, 2025, to seek lead plaintiff status [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [3]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [4].