Match will pay Tinder founders $ 441 million to clear a case of financial fraud

The founders of Tinder were only slightly successful in their operations case against Match Group due to financial fraud. Matches have it he agreed to settle the case by paying $ 441 million from its treasury. Instead, Tinder’s affiliates will reject all claims and litigation.

The court battle began in 2018, when the musicians accused the parent organizations of Tinder Match and the IAC of embezzling funds (including a combination of confidentiality with Match) to lower the cost of Tinder and illegally rejecting stock options for workers. The plaintiffs also alleged that Tinder’s former chief of staff, Greg Blatt, harassed VP businessman and co-founder Rosette Pambakian in 2016. Tinder fired the employees in response to their lawsuit, and Pambakian indicted Tinder differently for the wrongdoings.

We asked Match to respond. Tinder said he could not comment further than he said in an SEC statement while both companies said he was “pleased” to drop the case.

This is not the definitive sound that Tinder wants. The company initially demanded “billions of dollars” in spending (about $ 2 billion, to be exact) on the Match and IAC experiments – earning a share of the payoff three years later. Although Match is still in its infancy, it does not waste much time on the cause.