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Tinder Founders’ Suit Against IAC and Match Closer to Trial (1)

June 14, 2019, 9:21 PM

A $2 billion lawsuit by a group of Tinder founders, executives and early employees against IAC/InterActiveCorp and Match Group Inc. moved closer to trial as a judge denied a request to dismiss it, even though some of the claims were eliminated.

The half dozen people suing, including co-founder and former Chief Executive Officer Sean Rad, claimed IAC and Match used “false, misleading and incomplete financial information and projections” to create an artificially low valuation of Tinder to avoid paying the group money they’re due under options agreements.

New York State Supreme Court Justice Saliann Scarpulla in Manhattan on June 14 ...