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NEW YORK, April 14, 2016 -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of Match Group, Inc. securities (NASDAQ:MTCH) pursuant to and/or traceable to the Registration Statement and Prospectus issued in connection with Match Group’s initial public offering (the “IPO”), which commenced on or about November 20, 2015. The lawsuit seeks to recover damages for Match Group investors under the federal securities laws.
To join the Match Group class action, go to the firm’s website at http://www.rosenlegal.com/cases-829.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, Match Group sold 33,333,333 shares at $12.00 per share for total proceeds of approximately $400 million as part of its IPO. On February 2, 2016, Match Group revealed a decline in total user growth and per-user revenue, and the cannibalization of users and revenues across competing platforms. Match Group also revealed that its net income has consistently fallen and that there had been a decline in revenue in their Princeton Review segment. On this news, the price of Match Group’s stock fell, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 26, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-829.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at [email protected] or [email protected].
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] [email protected] [email protected] www.rosenlegal.com
