NEW YORK, April 13, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Match Group, Inc. ("Match Group" or the "Company") (NASDAQ: MTCH), concerning whether the board has breached its fiduciary duties to shareholders.
On November 19, 2015, Match Group sold 33.3 million shares at $12.00 per share during its initial public offering. Since going public, it has become clear that the Company's "per-user revenue" has declined significantly. This decline and other underlying weaknesses in the Company's business may not have been fully disclosed prior to the initial public offering.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Match Group shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP