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If both parties swipe right, it's a match. Users can swipe left on a potential date's profile if they aren't interested, and swipe right if they are. Match Group and the plaintiffs went through a rigorous, contractually-defined valuation process involving two independent global investment banks, and Mr. Rad said it wasn't easy to decide to go up against Diller this way. It settled without an admission of wrongdoing by any of the parties.
The plaintiffs are represented by Orin Snyder of Gibson Dunn, who has represented some of the biggest companies in tech, including Facebook, Apple and Uber. Rad has a rich history of outlandish public statements, and this lawsuit contains just another series of them. The price of both stocks slumped immediately after the suit was filed.
That manipulation allegedly deprived some early Tinder employees of millions, or billions, of dollars. During the valuation process, Blatt threatened other executives of Tinder who tried to share accurate information with the banks performing the valuation, according to the suit.
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Tinder's success is driving much of that value. Four of the plaintiffs, who still work at Tinder, were put on paid administrative leave by the company on Tuesday, according to a source familiar with the matter.
Tinder has helped change the way that people meet by gamifying dating. We look forward to defending our position in court. This is not the first time there have been allegations of sexual harassment at the executive level at Tinder. According to the suit, cubata plenty of fish dating Rad was banned from Tinder's headquarters by Blatt.
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And then weeks later to the public they are saying how these features are the cornerstone of our growth. The question in the lawsuit is the value of that stake. Pambakian is a plaintiff in the suit. But unlike Blatt, who stayed in his job, Mateen, an ally of Rad, was forced to quit the company and lost half of his options.
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