Boutique securities litigation law firm Kahn Swick & Foti, LLC (KSF) has opened an investigation into Match Group following the Tinder founders’ accusations of financial malpractice.
Their investigation will zero in on the behaviour of officers and directors at Match Group, considering whether any fiduciary duties, state laws or federal laws were breached in the transactions involving stock options.
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm, announced the opening of the investigation via Business Wire.
In a separate press release, Kahn Swick & Foti, LLC have announced a concurrent investigation into IAC/InterActiveCorp.
Tinder Co-founder Sean Rad recently spoke to The Verge, giving his account of the stock options controversy.
He said:: “After Match and IAC cheated us and violated our contracts, they took away our ability to participate in Tinder’s future successes and forced me to accept Match options in place of Tinder options.”
If you have information that would assist KSF in its investigations, or have been a long-term holder of Match Group / IAC shares and would like to discuss your legal rights, you may, without obligation or cost to you, call KSF toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org).