Diller’s IAC in $30 Million Settlement Over Match.com Spinoff

Barry Diller’s IAC agreed to a $30 million settlement to resolve claims that investors were shortchanged in its spinoff of Match Group Inc., which operates dating apps including Tinder and Hinge.

The case filed in Delaware Chancery Court, helped spark major changes to laws on dealmaking involving companies and controlling shareholders — changes catalyzed by Elon Musk’s decision to reincorporate his companies outside Delaware.

IAC directors agreed on have agreed to settle claims by a group of pension funds that objected to its 2019 separation from Match Group, which also owns Match.com and OkCupid, according ...