Important Update for Match Group Shareholders on Legal Action
Critical Information for Match Group Shareholders
Investors in Match Group, Inc. (NASDAQ: MTCH) are being alerted by Kahn Swick & Foti, LLC regarding an important class action lawsuit. The firm, along with former Louisiana Attorney General Charles C. Foti, Jr., emphasizes that shareholders have a defined time frame to act if they have sustained significant losses.
What Shareholders Need to Know
Individuals who purchased securities of Match Group within a specific period are eligible to serve as lead plaintiffs in the ongoing lawsuit. This class action pertains to securities purchased between May 2, 2023, and November 6, 2024. The deadline to file applications to lead this suit is set for January 24, 2025. The proceedings are taking place in the United States District Court for the Central District of California.
Contacting Legal Representatives
If you are a shareholder who has incurred losses exceeding $100,000, it is crucial to reach out to KSF. Investors can contact Managing Partner Lewis Kahn at 1-877-515-1850 for guidance on their legal rights and to discuss how this case may impact their potential recovery. Communication is free of obligation and can provide clarity regarding the proceedings.
Understanding the Lawsuit Details
This class action lawsuit holds Match Group and certain executives accountable for allegedly failing to disclose important information concerning the company during the specified class period. The charges suggest a violation of federal securities laws.
Key Allegations Against Match Group
Investors allege that Match Group provided information that was misleading and lacked transparency. Key points of contention include:
- Insufficient disclosures regarding the challenges facing Tinder, a subsidiary of Match Group, which affected its reported user engagement.
- Statements made by the defendants about the business operations and financial outlook during this period are claimed to be materially false or misleading.
About Kahn Swick & Foti, LLC
As a leading securities litigation firm, Kahn Swick & Foti, LLC, represents a diverse clientele including institutional investors, hedge funds, and retail investors. The firm is proactive in pursuing recoveries for losses resulting from corporate fraud, ensuring that victims reclaim their investments in publicly traded companies.
Regaining Confidence as an Investor
The knowledgeable team at KSF is equipped to assist investors who find themselves affected by corporate misrepresentations. By confronting these issues transparently, the firm seeks to bolster investor confidence and ensure fair treatment.
Contact Information for Kahn Swick & Foti, LLC
Should there be a need for further assistance, interested parties can reach out to Lewis Kahn directly. He is available toll-free at 1-877-515-1850. Additionally, for more information about KSF and the legal proceedings, investors can explore more through their official website.
Frequently Asked Questions
What is the deadline for filing a lead plaintiff application?
The deadline is set for January 24, 2025.
Who can participate in the class action lawsuit?
Investors who purchased Match Group securities during the class period and incurred significant losses may participate.
What are the allegations against Match Group?
Match Group is accused of failing to disclose vital information and of making misleading statements regarding its operations.
How can I contact Kahn Swick & Foti for assistance?
Investors can call Lewis Kahn at 1-877-515-1850 for support or consult their website for more information.
What is the significance of this lawsuit for investors?
This lawsuit aims to hold Match Group accountable and seeks justice for investors who experienced financial losses due to corporate misconduct.
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