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 Investors of April 26, 2016 Lead Plaintiff Deadline in Shareholder Class Action - EconoTimes)
SAN FRANCISCO, April 05, 2016 -- Hagens Berman Sobol Shapiro LLP, a national investor-rights law firm, reminds Match Group, Inc. (NASDAQ:MTCH) investors of the April 26, 2016 lead plaintiff deadline in the securities class action lawsuit related to alleged misstatements within Match Group’s initial public offering Registration Statement and Prospectus.
If you suffered significant losses greater than $250,000 because of your purchases of Match Group pursuant to the Company’s IPO which commenced on or about November 20, 2015, or have information that will help our investigation contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation by calling 510-725-3000, emailing [email protected] or visiting https://www.hbsslaw.com/cases/MTCH. The lawsuit was filed in the U.S. District Court for the Northern District of Texas and investors have until April 26, 2016 to move the court to participate as a lead plaintiff.
The class action complaint alleges that Match Group sold more than 33 million shares at $12.00 per share commencing on or about November 20, 2015. Shortly after, on February 2, 2016, Match Group revealed to investors that it was facing a decline in user growth and per-user revenues in its website app-based dating products, in addition to market cannibalization of revenues across its own competing platforms.
After the February 2, 2016 disclosures, the price of Match Group stock declined $3.03 or nearly 24%, to close at $9.76 on February 4, 2016, the next trading day.
Whistleblowers: Persons with non-public information regarding Match Group, Inc. should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].
About Hagens Berman
Hagens Berman is headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. Read the Firm’s Securities Newsletter, and visit the blog. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact: Reed Kathrein, 510-725-3000
