• Tinder founders say former CEO 'groped and sexually harassed' an executive at a company party in bombshell $2 billion lawsuit

    3 monthes ago - By Business Insider

    Included in a jaw-dropping lawsuit brought by Tinder's founders against its parent company IAC are allegations of sexual misconduct against its former CEO.
    The lawsuit alleges that former Tinder CEO and IAC chairman Greg Blatt "groped and sexually harassed" vice president of marketing Rosette Pambakian, and, after the incident was reported, the parent company conducted an internal investigation, not the independent one that former cofounder and CEO Sean Rad was pushing for.
    Although Blatt was replaced as CEO in January by Mandy Ginsberg, a source tells Business Insider that Blatt was still...
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  • Tinder co-founders and execs file $2-billion lawsuit accusing the dating app's owner of cheating

    Tinder co-founders and execs file $2-billion lawsuit accusing the dating app's owner of cheating

    3 monthes ago - By Stl Today

    The co-founders of Tinder and seven current and former executives have filed a lawsuit against the dating app's parent company alleging it undermined the app's valuation to deny them billions of dollars' worth of stock options. The lawsuit, filed Tuesday...
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  • Tinder founders sue parent IAC, saying it owes them billions

    Tinder founders sue parent IAC, saying it owes them billions

    3 monthes ago - By Reuters

    A group of founders, executives and early employees of Tinder on Tuesday sued IAC/InterActiveCorp , claiming the parent company deliberately undervalued the dating app to avoid paying them billions of dollars and deprived some employees of stock options.
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  • Tinder Lawsuit Alleges Sexual Abuse Cover-Up by IAC/Match Group

    3 monthes ago - By Fortune

    Tinder founders, as well as past and present executives, on Tuesday filed a lawsuit against parent company IAC/InterActiveCorp and its Match Group subsidiary, the plaintiffs announced.
    The plaintiffs are seeking at least $2 billion in damages, and are represented by Orin Snyder of Gibson Dunn who has also represented Facebook, Uber, and Apple .
    The lawsuit was filed in New York State Supreme Court and says that IAC/Match manipulated financial information, impacting the company's valuation and “stole” billions of dollars from executives, including founders Sean Rad, Justin Mateen, and...
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  • Tinder founders, execs file suit against IAC and Match Group

    3 monthes ago - By Chron

    NEW YORK - The founders of the dating app Tinder, along with current executives and some of its employees, have filed a lawsuit against IAC/InterActiveCorp and its Match Group subsidiary for allegedly manipulating financial information, hurting Tinder's valuation and unlawfully getting rid of stock options.
    The lawsuit claims that there were written contracts between IAC and Match and Tinder employees, including founders Sean Rad, Justin Mateen and Jonathan Badeen. The contracts required Tinder be valued on specific dates in 2017, 2018, 2020 and 2021 and that the workers be allowed to...
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  • Tinder Founders Sue IAC for Billions, Allege Sexual Abuse Cover-Up

    3 monthes ago - By Fortune

    Tinder founders, as well as past and present executives, on Tuesday filed a lawsuit against parent company IAC/InterActiveCorp and its Match Group subsidiary, the plaintiffs announced.
    The plaintiffs are seeking at least $2 billion in damages, and are represented by Orin Snyder of Gibson Dunn who has also represented Facebook, Uber, and Apple .
    The lawsuit was filed in New York State Supreme Court and says that IAC/Match manipulated financial information, impacting the company's valuation and “stole” billions of dollars from executives, including founders Sean Rad, Justin Mateen, and...
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  • Tinder founders sue parent companies Match and IAC for at least $2B

    3 monthes ago - By Tech Crunch

    A group of Tinder founders and executives has filed a lawsuit against parent company Match Group and its controlling shareholder IAC.
    The plaintiffs in the suit include Tinder co-founders Sean Rad, Justin Mateen and Jonathan Badeen - Badeen still works at Tinder, as do plaintiffs James Kim and Rosette Pambakian (its vice president of marketing and communications).
    We've reached out to IAC for comment, as well as Pambakian, who's served as our main contact at Tinder. We'll update
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  • Tinder's parent company allegedly faked financial information to lower the dating app's valuation, according to a new lawsuit

    Tinder's parent company allegedly faked financial information to lower the dating app's valuation, according to a new lawsuit

    3 monthes ago - By Business Insider

    Tinder's cofounders and executives are suing parent company IAC and Match Group over allegations that the parent company cooked the books to create a lower valuation for the popular dating app.
    IAC and Match allegedly inflated Tinder's expenses and downplayed new features in an effort to create a "false picture" of Tinder's finances.
    This led to a private valuation of $3 billion in 2017, according to the lawsuit.
    The end goal was to save the parent company billions of dollars when employees cashed-in their equity, by maintaining an inaccurately low valuation for the dating app, the lawsuit...
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  • Tinder founders sue parent IAC, saying it undervalued company

    3 monthes ago - By Reuters

    A group of founders, executives and early employees of popular dating app Tinder on Tuesday sued IAC/InterActiveCorp, claiming the parent company deliberately undervalued Tinder to avoid paying them billions of dollars.
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  • Tinder's founders are suing Match Group and IAC saying they've been ripped off - and they're seeking at least $2 billion in damages

    Tinder's founders are suing Match Group and IAC saying they've been ripped off - and they're seeking at least $2 billion in damages

    3 monthes ago - By Business Insider

    A group of early Tinder employees, including cofounders Sean Rad and Jonathan Badeen, announced on Tuesday that they filed a lawsuit against InterActiveCorp and Match Group, the owners of Tinder.
    They're alleging that IAC undervalued Tinder, and used a lowball valuation based on false information to reduce the value of stock options that early employees and founders held.
    The Tinder team received written contracts in 2014 outlining stock options as well as four dates they could exercise them, according to Tuesday's complaint. But they allege that ahead of the first exercise date, in May...
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  • Tinder's founders are suing Match Group and IAC saying they've been ripped off - and they're seeking at least $2 billion in damages

    Tinder's founders are suing Match Group and IAC saying they've been ripped off - and they're seeking at least $2 billion in damages

    3 monthes ago - By Business Insider

    A group of early Tinder employees, including cofounders Sean Rad and Jonathan Badeen, announced on Tuesday that they filed a lawsuit against InterActiveCorp and Match Group, the owners of Tinder, a popular dating app.
    They're alleging that IAC undervalued Tinder, and used a lowball valuation based on false information to reduce the value of stock options that early employees and founders held.
    Tinder operates on a day-to-day basis independently from IAC and Match, according to the plaintiffs. Business Insider has reached out to Match Group for comment on the lawsuit and its...
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