A lawsuit was filed on behalf of investors in Match Group, Inc. (NASDAQ: MTCH) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 10/15/2019 -- An investor, who purchased NASDAQ: MTCH shares, filed a lawsuit against Match Group, Inc over alleged violations of Federal Securities Laws.
Investors who purchased shares of Match Group, Inc. (NASDAQ: MTCH) have certain options and for certain investors are short and strict deadlines running. Deadline: December 2, 2019. NASDAQ: MTCH investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
Dallas, TX based Match Group, Inc. provides dating products worldwide. It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. On September 25, 2019, The Federal Trade Commission ("FTC") announced that it had sued Match Group, Inc. for, among other things, using artificial love interest ads to deceive consumers into buying or upgrading subscriptions, failing to resolve disputed charges, and intentionally making it difficult to cancel subscriptions.
The plaintiff claims that between August 6, 2019 and September 25, 2019, the Defendants failed to disclose to investors that the Company used fake love interest ads to convince customers to buy and upgrade subscriptions, that the Company made it difficult and confusing for consumers to cancel their subscriptions, that, as a result, the Company was reasonably likely to be subject to regulatory scrutiny, that the Company lacked adequate disclosure controls and procedures, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis
Those who purchased shares of Match Group, Inc. (NASDAQ: MTCH) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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