Dating sites sued
Rad told CNN that employees were told they'd be fired if they provided the correct information.
"The employees were literally told, and these are my colleagues who built this company with me, were told that if they speak to me, if they provide me with the right information, they can be fired." The suit also alleges that, soon after he was named CEO of Tinder in late 2016, Blatt groped and sexually harassed Tinder Vice President of Marketing and Communications Rosette Pambakian at a company holiday party.
"The facts are simple: Match Group and the plaintiffs went through a rigorous, contractually-defined valuation process involving two independent global investment banks, and Mr.
Rad and his merry band of plaintiffs did not like the outcome," it said. 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. Last week, shares of Match shot up 17% in a single day and shares of IAC jumped nearly 8% after Match reported huge gains from Tinder.
Revenue from Tinder alone was up 136% over the last year, coupled with an 81% increase in the number of subscribers.
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.