Sean Rad, early Tinder employees, sue Tinder owners IAC/Match for billions

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They call it selling out for a reason.

On Tuesday, ten Tinder co-founders and early employees filed a lawsuit against the dating app’s overlords, InterActiveCorp (IAC) and Match Group. The plaintiffs, who include co-founders Sean Rad, Justin Mateen, and Jonathan Badeen, allege that the corporate owners deliberately sought to manipulate the valuation of Tinder, in order to lower the pay-out price for these early employees’ stock options, and that it restructured Tinder within Match to deny them future pay-outs. 

Gibson Dunn is representing the ten plaintiffs.

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Tinder founders sue parent companies Match and IAC for at least $2B

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 (the company’s vice president of finance) and Rosette […]

View More Tinder founders sue parent companies Match and IAC for at least $2B