A group of current and former Tinder employees are suing their parent company over an alleged scheme to cheat them out of stock options. Match Group, and its parent company IAC/InterActiveCorp, are the defendants. Sean Rad, Justin Mateen and Jonathan Badeen, who are the co-founders of Tinder, are among the plaintiffs in the two billion dollar lawsuit. The plaintiffs accuse IAC and Match Group of manipulating financial data to make it appear that Tinder’s value was drastically lower than it actually was. After formulating the lowball valuation, the plaintiffs say that the parent company stripped many of Tinder’s employees of their stock options. IAC/Match removed Rad as Tinder’s CEO, putting in his place Greg Blatt, a Match CEO. Blatt is accused of harassing Tinder employee and plaintiff Rosette Pambakian at a company holiday party in 2016. However, plaintiffs allege that IAC/Match kept Blatt in place long enough to complete the unreliable value of the company…
Read more detail on Recent Business Law posts –
Legal notice about the Tinder Sues Match.com Over Stock Options rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.Do you need High Quality Legal documents or forms related to Tinder Sues Match.com Over Stock Options?
