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Match Group Inc (NASDAQ: MTCH) Investor Securities Class Action Lawsuit 02/26/2016

  • If you purchased shares of Match Group Inc (NASDAQ: MTCH), you may have certain options. Please contact the Shareholders Foundation, Inc.

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Lawsuit Overview

Case Dismissed
Company
Match Group Inc
Security
NASDAQ: MTCH

Case Name
Match Group Shareholder Class Action Lawsuit 02/26/2016
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Northern District of Texas

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

August 24, 2018 - The court granted the defendants' motion to dismiss.

December 14, 2017 - A motion to dismiss the second amended consolidated complaint was filed.

October 30, 2017 - A second amended consolidated complaint was filed.

September 27, 2017 - The court denied defendants' motions to dismiss.

November 8, 2016 - A motion to dismiss the amended consolidated complaint was filed.

September 9, 2016 - An amended consolidated complaint was filed.

February 26, 2016 - An investor in shares of Match Group Inc (NASDAQ: MTCH) filed a lawsuit in the U.S. District Court for the Northern District of Texas over alleged violations of Federal Securities Laws by Match Group Inc in connection with certain allegedly false and misleading statements made in connection with the Company’s Initial Public Offering (the “IPO”) which commenced on or about November 20, 2015.

According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired Match Group Inc (NASDAQ: MTCH) securities pursuant or traceable to the Company’s Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s IPO, that the defendants violated Federal Securities Laws.

On November 19, 2015, Match Group Inc conducted its initial public offering (IPO), selling 33,333,333 shares at $12.00 per share.

Shares of Match Group Inc (NASDAQ: MTCH) reached as high as $15.20 per share on November 20, 2015.

On February 2, 2016, Match Group Inc (NASDAQ: MTCH) reported its fourth quarter and full year 2015 results. Among other things, Match Group Inc disclosed that its fourth quarter net income declined from $48.27 million in the fourth quarter 2014 to $35.59 million in the fourth quarter 2015 and that its annual Net income declined from $147.76 million in 2014 to $120.38 million in 2015. Shares o Match Group Inc (NASDAQ: MTCH) declined to as low as $8.75 per share on February 4, 2016.

On February 26, 2016, NASDAQ: MTCH shares closed at $10.61 per share.