Match Group’s Executives Beat Investors’ Securities Claims (1)

Shareholders of the umbrella company behind online dating services like Tinder and Hinge failed to allege the company’s chief executives made misleading statements, causing the company’s stock to trade at artificially inflated and maintained prices, a magistrate judge said in a recommendation Thursday.

Lead plaintiff Northern California Pipe Trades Trust Funds sued Match Group Inc. on behalf of a proposed class of investors, alleging executives made material misrepresentations and omissions when communicating with investors about the integration of Hyperconnect—a South Korean “social discovery and video technology” company—acquired by Match in June 2021.

The investors also alleged Match’s executives mischaracterized the ...