Tinder’s founders just won a partial victory in their lawsuit against Match Group over alleged financial trickery. Match has agreed to settle the case by paying $441 million from its cash reserves. In return, the Tinder co-creators will dismiss the claims from both the lawsuit and linked arbitration.
The court battle began in 2018, when the plaintiffs accused Tinder’s parent organizations Match and IAC of manipulating financial data (including a secret merger with Match) to artificially lower Tinder’s valuation and illegally deny stock options to workers. The plaintiffs also alleged that interim Tinder chief Greg Blatt sexually harassed marketing VP and co-founder Rosette Pambakian in 2016. Tinder fired the employees in response to their lawsuit, and Pambakian separately sued Blatt, IAC and Match Group over the assault claims
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