SAN DIEGO, July 15, 2022 (GLOBE NEWSWIRE) -- Johnson Fistel, LLP is investigating potential claims on behalf of Match Group, Inc. MTCH ("Match") against certain of its officers and directors. Specifically, a class-action lawsuit pending in the Northern District of Texas denied the defendants' motion to dismiss in the pending securities class action against Match.
According to the lawsuit, defendants throughout the Class Period made false and misleading statements and failed to disclose that: (1) the Company used fake love interest ads to convince customers to buy and upgrade subscriptions; (2) the Company made it difficult and confusing for consumers to cancel their subscriptions; (3) as a result, the Company was reasonably likely to be subject to regulatory scrutiny; (4) the Company lacked adequate disclosure controls and procedures; and (5) as a result, Match's public statements were materially false and misleading at all relevant times.
If you are a current, long-term shareholder of Match holding shares before 2020, you may have standing to hold Match harmless from the alleged harm caused by the Company's officers and directors by making them personally responsible. You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.
To join this action, you can click or copy and paste the link below: https://www.cognitoforms.com/JohnsonFistel/MatchGroupInc3
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.