THE VERGE - Mar 26 - Tinder co-founder and former CEO Sean Rad has asked the New York Supreme Court to dismiss a $250M lawsuit against him by Match Group and IAC, the owners of Tinder. Match claims that Rad copied internal files and proprietary information before he left the company, violating his employment contract. In his motion to dismiss, however, Rad says the contract gave him the right to back up internal emails and hold on to those correspondences even after his tenure at Tinder ended. Match's claims are meant to counter a multibillion-dollar lawsuit from Rad. In August 2018, Rad and other former Tinder employees sued Match Group and IAC over claims that the company purposefully undervalued Tinder to avoid having to pay the team billions more in equity. Now Match is countersuing, alleging that Rad copied "highly sensitive, non-public information" about Tinder business strategies and plans.'
by Ashley Carman
See full article at The Verge
See all posts on Match Group
See all posts on Tinder
Subscribe to OPW + Join IDEA + Hire Us
