BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming April 26, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Match Group, Inc. (“Match Group” or the “Company”) (NASDAQ: MTCH) securities pursuant and/or traceable to the Company’s Registration Statement and Prospectus issued in connection with the Company’s Initial Public Offering (the “Offering” or “IPO”), which took place on or about November 20, 2015. Match Group investors have until April 26, 2016 to file a lead plaintiff motion.
The Complaint alleges that Match Group sold 33,333,333 shares at $12.00 per share in its IPO. Then on February 2, 2016, Match Group announced to investors 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 consistently fallen and that there had been a decline in revenue in the Company’s Princeton Review segment. These revelations caused a decrease in the Company’s stock price, thereby injuring investors.
If you purchased Match Group shares during the Class Period, you may move the Court no later than April 26, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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