Match.com Investors Go A-Courting For Damages In Del. Suit
Law360 (March 2, 2020, 5:55 PM EST) -- Unhappy investors in online romance site operator Match Group Inc. are seeking a date in court with the company's directors, accusing them derivatively in Delaware federal court of jilting their fiduciary duties and enriching themselves unjustly.
The multicount suit filed late Friday by stockholder Michael Rubin, lead plaintiff in the proposed class case, seeks damages for tens of millions in alleged improper gains by the company's directors, who allegedly traded on negative inside information, as well as return of their compensation and benefits, and corporate governance reforms.
Much of the information for the suit, the complaint noted, was mined from a...
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