NEW YORK, March 17, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits may be filed on behalf of Match Group, Inc. MTCHCredit Suisse Group AG CSSVB Finance Group SIVB SIVBP))) and Amgen Inc. AMGN. Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

Match Group, Inc. MTCH

Class Period: November 3, 2021 – January 31, 2023

Lead Plaintiff Deadline: May 5, 2023

Match is a technology and social media company that powers one of the world’s largest portfolios of online dating brands and apps. Match’s notable dating apps include Tinder, Hinge, OkCupid, and PlentyOfFish. Tinder, which generated more than half of Match’s revenue during the class action period, is Match’s largest and most important brand.

The class action period will begin on November 3, 2021, concurrent with Match’s announcement of third quarter 2021 financial results after the market close on November 2, 2021. In a letter to shareholders, the defendants touted Tinder’s “radical product transformation,” which recently included one launched product initiatives such as a new “Explore” function. The defendants further stated that “[t]The interactive and social experiences within Explore herald Tinder’s long-term vision,” noting that Tinder is working on several other monetization opportunities, such as an in-app virtual currency.

Throughout the class period, defendants have continued to allege that Tinder is effectively executing several critical product initiatives that would fuel the company’s growth in 2022 and beyond. For example, as late as May 2022, the defendants assured investors that Tinder was “on track” with these product initiatives and “on schedule with what [Tinder] scheduled delivery in 2022.”

Investors began learning the truth on August 2, 2022 when the…