Pomerantz is Lead Counsel in a securities class action lawsuit against Match Group, Inc. (MTCH) (“Match” or the “Company”), brought for potential violations of the federal securities laws.
On September 25, 2019, the Federal Trade Commission announced that it had sued the Company’s online dating site Match.com for, among other things, using artificial “love interest” ads to deceive consumers into buying or upgrading subscriptions, failing to resolve disputed charges, and intentionally making it difficult to cancel subscriptions. On this news, Match’s stock price fell sharply.