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Match Group Fights Off Investor Suit on Fake Dating Profiles

March 29, 2021, 5:46 PM

Match Group Inc. is free of a would-be securities class suit accusing it of not doing enough to weed out fake accounts, though a federal judge in Texas gave investors permission to try again.

Investors in the company behind online dating services including Match.com, Tinder, and OkCupid didn’t sufficiently allege Match materially misled them or acted with the required state of mind, the U.S. District Court for the Northern District of Texas said.

The investors accused Match of misleading them about the quality of member accounts and focusing more on financial metrics than on protecting users from people running ...