Bumble Moves To Drop $400 Million Lawsuit Against Match Group

  • Contributed by:
  • Views: 264

Is the end in sight for the legal battle between Match Group and Bumble?

According to documents filed in Texas last month, Bumble is looking to drop its $400 million countersuit against Match Group, which alleged Match interfered with its business operations, fraudulently obtained trade secrets, and intentionally tried to make Bumble less appealing to other potential acquirers. The countersuit was filed in response to a lawsuit from Match that claims Bumble infringed on several patents related to Tinder.

Initial attempts to settle failed and the war appeared poised to rage on, but a statement released by Match Group in early November indicated that Bumble will drop its lawsuit. A notice of non-opposition filed by Match confirms the company’s intent to support Bumble dropping its claims, provided the court issues declaratory judgments validating Match’s patents and Bumble’s alleged infringement of them, and absolving Match from allegedly stealing Bumble’s trade secrets.

In its filing, Match claimed Bumble pursued its lawsuit solely to boost its reputation in the public eye.

“After filing the lawsuit, Bumble went on a media barrage in an attempt to control the narrative related to the lawsuit,” the filing reads. “This media barrage—related to the mere service of a lawsuit that had been filed half a year ago—was used as a hook to begin promoting the fact that Bumble was looking into conducting an Initial Public Offering on the New York Stock Exchange.”

Bumble has a very different take on the situation. In a statement, the company commented: “Match’s latest litigation filings are part of its ongoing campaign to slow down Bumble’s momentum in the market. Having tried and failed to acquire Bumble, Match now seems bent on trying to impair the very business it was so desperate to buy. Bumble is not intimidated and will continue to defend its business and users against Match’s misguided claims.”

Bumble is reportedly looking to refile its suit at the state level, according to TechCrunch, which requires it to dismiss its claims in the federal court. However, Match says this isn’t possible. In its petitions for declaratory judgments, Match says the acquisition talks between it and Worldwide Vision, the British conglomerate that owns 75 percent of Bumble, were conducted under a non-disclosure agreement that stipulated any disputes associated with the negotiations would be litigated in England or Wales.

Regardless of what happens next, this development does not resolve the original lawsuit that claims Bumble swiped Tinder’s intellectual property. It’s unlikely to resolve the bad blood boiling between the two companies, either. More legal drama is almost certainly in the pipeline.