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A group of founders, executives and early employees of Tinder on Tuesday sued IAC/InterActiveCorp (IAC.O), claiming the parent company deliberately undervalued the dating app to avoid paying them billions of dollars and deprived some employees of stock options. The lawsuit filed in state Supreme Court in Manhattan stated that IAC and its subsidiary Match Group Inc (MTCH.O) deliberately prevented the plaintiffs from cashing in stock options they could exercise and sell to IAC. "The defendants made contractual promises to recruit and retain the men and women who built Tinder," Orin Snyder, a lawyer for the plaintiffs, said in a statement.
(Reuters) - Online media company IAC/InterActiveCorp's (IAC.O) second-quarter revenue beat Wall Street expectations on Wednesday, boosted by growth in businesses, including digital home-services provider ...