NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 26, 2016 to file lead plaintiff applications in a securities class action lawsuit against Match Group, Inc. (NasdaqGS: MTCH), if they purchased the Company’s securities pursuant or traceable to the company’s initial public offering (“IPO”) on November 18, 2015. This action is pending in the United States District Court for the Northern District of Texas.
What You May Do
If you purchased shares of Match Group and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (email@example.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by April 26, 2016.
About the Lawsuit
Match Group and certain of its executives are charged with failing to disclose material information in connection with the IPO, violating federal securities laws.
On February 2, 2016, less than three months after its IPO, Match Group reported its fourth quarter 2015 and full year 2015 results, revealing that it experienced a decline in total user growth and per-user revenue, and the cannibalization of users and revenues across competing platforms. Match Group also disclosed that its net income had fallen 25% year over year to $35.6 million and dropped 44% on a per-share basis, and that there had been a decline in revenue in its Princeton Review segment.
On this news, the price of Match Group’s stock plummeted.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.