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Tinder Founders Sue Match For $2B Over Stock Options

Law360 (August 14, 2018, 10:57 PM EDT) -- A slew of Tinder founders, early employees and current executives hit the dating app’s parent companies, IAC and Match Group Inc., with a $2 billion suit in New York state court Tuesday, accusing the companies of deliberately tanking the valuation of the dating app in order to lessen the value of their stock options.

The 10 plaintiffs, including founders Sean Rad, Justin Mateen and Jonathan Badeen, say that the brass at IAC and Match, motivated by a desire to regain control of the more than 20...
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