New Motion Brought Against Match Group and IAC
- Friday, June 18 2021 @ 09:36 am
- Contributed by: kellyseal
- Views: 887
A new motion was filed in the New York Supreme Court against Match Group and IAC for allegedly covering up a report of sexual misconduct to manipulate the valuation of dating app Tinder, according to a report by Bloomberg. Match Group is the parent company of Tinder, and at the time of the incident, was owned by IAC.
Lawyers for former Tinder co-founder and CEO Sean Rad and other Tinder employees who filed the lawsuit said that there are internal company documents that reveal IAC and Match Group executives discussed covering up sexual assault allegations against former Match Group CEO Greg Blatt, but that the companies are concealing them. They argue that IAC and Match Group intended to keep Blatt on board so he could lowball Tinder’s value, and therefore cheat Tinder employees out of billions in payment for their stock options.


