LOS ANGELES, CA / ACCESSWIRE / October 7, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Match Group, Inc. ("Match" or "the Company") (NASDAQ:MTCH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The FTC announced on September 25, 2019, that it had sued Match for using exploitative marketing in the form of messaging from fake accounts to induce non-subscribers to sign up for the Company's service. According to FTC Bureau of Consumer Protection Director Adam Smith, "We believe that Match.com conned people into paying for subscriptions via messages the company knew were from scammers." The FTC also alleges that Match exposed its users to fraud and also engaged in deceptive practices such as making it intentionally difficult to cancel subscriptions.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
Office: 310-301-3335
Cell: 424-303-1964
www.schallfirm.com
info@schallfirm.com
SOURCE: The Schall Law Firm
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https://www.accesswire.com/562333/SHAREHOLDER-ACTION-ALERT-The-Schall-Law-Firm-Announces-it-is-Investigating-Claims-Against-Match-Group-Inc-and-Encourages-Investors-with-Losses-to-Contact-the-Firm
