BALA CYNWYD, Pa., April 21, 2016 — Law Office of Brodsky & Smith, LLC announces an investigation Match Group, Inc. (“Match Group” or the “Company”) (Nasdaq -MTCH- News) for potential violations of federal securities laws and breaches of the Match Group Board’s fiduciary duties.
The investigation concerns a securities class action lawsuit commenced in the United States District Court for the Northern District of Texas. The complaint alleges that the Defendants made false and misleading statements including failing to disclose: (1) that the Company’s non-dating revenue ad declined; (2) that the Company’s Average Revenue per Paying User had decreased; and (3) that there had been a decline in revenue in the Company’s Princeton Review segments. Specifically, onFebruary 2, 2016, Match Group issued a press release announcing its fourth quarter and full year 2015 financial results, missing analysts’ revenue estimates. Following the disclosure of this information shares of Match Group stock declined significantly.
If you purchased shares of Match Group in connection with the Company’s IPO, which commenced on or about November 20, 2015 and wish to discuss the investigation, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC by April 26, 2016, who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, by visiting http://brodsky-smith.com/1065-mtch-match-group-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.
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