Match Group Inc. has settled a lawsuit filed by a bunch of founders and executives of the Tinder relationship app that had alleged the corporate undervalued Tinder to cheat them out of billions of {dollars}.
Match mentioned in a regulatory submitting Wednesday it agreed to pay $441 million to the plaintiffs within the lawsuit, which was filed three years in the past. The plaintiffs, together with Tinder co-founders Sean Rad, Justin Mateen and Jonathan Badeen, had alleged that Match and IAC/InterActiveCorp . cheated them out of as a lot as $2 billion by manipulating monetary info to undermine Tinder’s valuation.
