LOS ANGELES, CA / ACCESSWIRE / September 26, 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.
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SOURCE: The Schall Law Firm
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