CLASS ACTION UPDATE: Law Office of Brodsky & Smith, LLC Announces Class Action Lawsuit Has Been Filed on Behalf of Investors in Match Group, Inc. (NASDAQ: MTCH)

BALA CYNWYD, PA / ACCESSWIRE / October 8, 2019 / Law office of Brodsky & Smith, LLC announces that a class action lawsuit has been filed against Match Group, Inc. ("Match" or the "Company") (NASDAQ:MTCH – News) for possible breaches of Federal Securities law.

According to a September 25, 2019 complaint filed by the Federal Trade Commission ("FTC"), Match has been sued 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.

On this news, the Company's shares fell as much as $6.74, or over 8%, over two consecutive trading sessions.

The filed complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company used fake love interest ads to convince customers to buy and upgrade subscriptions; (2) that the Company made it difficult and confusing for consumers to cancel their subscriptions; (3) that, as a result, the Company was reasonably likely to be subject to regulatory scrutiny; (4) that the Company lacked adequate disclosure controls and procedures; and (5) 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.

If you purchased shares of Match between August 6, 2019 and September 25, 2019, and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. The deadline to file is December 2, 2019. You may contact Marc Ackerman, Esquire or Jordan Schatz, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, or by calling toll free 877-534-2590. Additional information is available at http://www.brodskysmith.com/cases/match-group-inc-nasdaq-mtch/.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

ReleaseID: 562288