Dating app giant Match has settled its lawsuit with a group of Tinder founders and executives for $441 million. The suit, filed in 2018, had alleged that IAC and its then-subsidiary Match Group had manipulated financial data in order to create a false, “lowball valuation” of the dating app when Tinder was merged into IAC in 2017. The employees also said they had been unlawfully stripped of their Tinder stock options. The suit had sought “billions of dollars” in damages at the time of its filing.
The plaintiffs in the case included Tinder’s co-founders Sean Rad, Justin Mateen and Jonathan Badeen, as well as James Kim, the vice president of finance, and Rosette Pambakian, the vice president of marketing and communications. …
