Match Group(US:MTCH) Prnewswire·2025-01-09 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 and operations, particularly concerning Tinder's user count recovery [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from May 2, 2023, to November 6, 2024 [1]. - The complaint claims that Match Group significantly understated the challenges facing Tinder, leading to an underestimation of the risk that Tinder's monthly active user count would not recover by the third quarter of 2024 [1]. - As a result, the statements made by the defendants regarding Match Group's business, operations, and prospects were materially false and misleading [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares of MTCH during the specified timeframe are encouraged to register for the class action by January 24, 2025 [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2]. - There is no cost or obligation for shareholders to participate in this case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [3]. - The firm aims to ensure that companies adhere to responsible business practices and engage in good corporate citizenship [3]. - The firm seeks recovery for investors who suffered losses due to false or misleading statements that led to artificial inflation of the company's stock [3].