Tinder co-founder Sean Rad’s $2 billion lawsuit against the dating app’s parent company is one step closer to trial. In an order last night, New York Supreme Court judge Saliann Scarpulla rejected IAC’s motion to dismiss Rad’s case, allowing Rad and his co-plaintiffs to pursue their allegations that Match Group and IAC purposely undervalued Tinder in an effort to avoid paying out billions of dollars in stock options to the original dating app team.
In a statement to The Verge, the plaintiffs’ lawyer Orin Snyder said: “We are pleased by the Court’s ruling denying IAC/Match’s motion to dismiss and paving the way for this case to go to trial. IAC/Match robbed the Tinder founders and early employees and will now be held accountable by a jury…
from The Verge – All Posts http://bit.ly/2WBoIIk
via IFTTT