Skip to content
Subscriber Only

Tinder Founders' Suit Against IAC and Match Closer to Trial

  • New York state judge denied companies' bid to dismiss case
  • Founders claim companies used artificially low valuation
Updated on

A $2 billion lawsuit by a group of Tinder founders, executives and early employees against IAC/InterActiveCorp and Match Group Inc. moved closer to trial as a judge denied a request to dismiss it, even though some of the claims were eliminated.

The half dozen people suing, including co-founder and former Chief Executive Officer Sean Rad, claimed IAC and Match used “false, misleading and incomplete financial information and projections” to create an artificially low valuation of Tinder to avoid paying the group money they’re due under options agreements.