Case Page

 

Case Status:    ONGOING    
On or around 09/27/2017 (Court's order of dismissal)

Filing Date: February 26, 2016

According to the law firm press release, on November 19, 2015, Match Group sold 33,333,333 shares at $12.00 per share as part of its Initial Public Offering. Then on February 2, 2016, Match Group revealed to investors a decline in total user growth and per-user revenue, and the cannibalization of users and revenues across competing platforms. They also revealed that the Company’s net income has consistently fallen and that there had been a decline in revenue in their Princeton Review segment.

Shares of Match Group fell from a close of $12.79 prior to the announcement, to a recent close of just $9.76 on February 4, 2016.

On June 9, 2016, the Court issued an Order appointing Lead Plaintiff and Lead Counsel. Lead Plaintiffs filed a consolidated complaint on September 9.

On September 27, 2017, the Court issued an Order denying Defendants' Motions to Dismiss.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Personal & Household Products
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MTCH
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Texas
DOCKET #: 16-CV-00549
JUDGE: Hon. Sam A Lindsay
DATE FILED: 02/26/2016
CLASS PERIOD START: 11/20/2015
CLASS PERIOD END: 02/26/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Gainey McKenna & Egleston
    440 Park Avenue South, 5th Floor, Gainey McKenna & Egleston, NY 10016
    212.983.1300 212.983.0380 ·
  2. Lackey Hershman LLP
    3102 Oak Lawn , Lackey Hershman LLP , TX 75219
    214 560-2201 ·
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 16-CV-00549
JUDGE: Hon. Sam A Lindsay
DATE FILED: 10/30/2017
CLASS PERIOD START: 11/20/2015
CLASS PERIOD END: 02/26/2016
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Bragar Eagel & Squire PC
    885 Third Avenue Suite 3040 , Bragar Eagel & Squire PC , NY 10022
    212-308-5858 212-214-0506 ·
  2. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  3. Kendall Law Group, LLP
    3232 McKinney, Ste 700, Kendall Law Group, LLP, TX 75204
    214.744.3000 214.744.3000 ·
No Document Title Filing Date