Match Group Fails to Toss Investor Suit on Fake Dating Profiles

Nov. 22, 2021, 8:51 PM

Match Group Inc. must face a shareholder suit alleging it made misleading statements about fake dating profiles and user retention after a federal judge in Texas declined to dismiss the investors’ amended complaint.

Investors in the company behind online dating services including Match.com, Tinder, and OkCupid “adequately specified at least some allegedly misleading statements or omissions,” the U.S. District Court for the Northern District of Texas said.

“The Court has carefully scrutinized all 164 pages” of the amended complaint, and dismissal isn’t “warranted at this time,” Judge Karen Gren Scholer’s five-paragraph order said. Scholer earlier this year threw ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.