MICHAEL L. FEINSTEIN PA: Business Litigation Underway Involving Tinder Owners

By Press release submission | Aug 24, 2018

Michael L. Feinstein, P.A. issued the following announcement on Aug. 20.

Business owners know that they will likely face conflicts in some form or another. Issues can arise with clients, customers, partners or current or former employees. Depending on the specific complaint, business litigation may take place in order to address the problem. As a result, business owners may have a difficult time ahead of them.

Florida readers may be interested in a lawsuit that was recently filed in another state against the companies that own the dating app Tinder. Several current and former Tinder employees filed the suit against Match Group and InterActiveCorp because they believe that the companies provided a low valuation of Tinder that resulted in the value of the stocks the employees held being reduced. After IAC's merger with Match Group, the employees claim that they were also left with less valuable stock options.

The plaintiffs are looking to obtain $2 billion if their suit proves successful. Both IAC and Match Group provided a joint statement indicating that they deny the allegations that have been made against the companies. They are planning to defend against the claims and stated that one of the plaintiffs, a Tinder co-founder, had made "outlandish" statements in the past.

When allegations come against a business, companies owners know that they have the opportunity to defend against claims. Protecting a business's reputation and best interests can make a substantial difference in the operations. If Florida business owners find themselves in this type of predicament, they will certainly want to work with their legal counsel to determine their best courses of action for dealing with business litigation.

Original source can be found here.

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