NEW YORK, April 14, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, notifies investors of class action against Match Group, Inc. ("Match" or the "Company") (NASDAQ: MTCH). The class action has been filed in the United States District Court, Northern District of Texas on behalf of a class consisting of all persons or entities who purchased Match securities pursuant or traceable to the Company's Registration Statements and its Prospectus issued in connection with the Company's IPO, which was commenced on or about November 20, 2015 (the "Class Period").
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding Match's business and prospects in its Registration Statement and Prospectus. Specifically, (1) Match's non-dating revenue had declined; (2) Match's Average Revenue per Paying User had decreased; and (3) that there had been a drop in revenue in the Company's Princeton Review segments.
On February 2, 2016, Match released its fourth quarter and full year 2015 financial results, missing analysts' revenue estimates. Following this news, Match stock dropped $1.53 per share on heavy trading volume to close at $10.66 per share, or 12.5%, on February 3, 2016.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint and join the action, visit the firm's website: http://www.bgandg.com/#!mtch/ab2y1. To discuss this action, or if you have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. If you suffered a loss in Match you have until April 26, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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