Andrews & Springer, Friedman Oster and Cohen Milstein clashed with Prickett Jones and Kessler Topaz on Tuesday in Delaware Chancery Court over which group's suit took a better tack in pursuit of direct and derivative damages targeting an allegedly conflicted, multibillion-dollar spinoff of Match.com's parent, Match Group Inc., from IAC/Interactive Group last year.
Match Group currently operates numerous popular online dating sites including Tinder, OkCupid, Plenty of Fish and OurTime.
During teleconference arguments before Vice Chancellor Morgan T. Zurn, attorneys for stockholders David Newman and the Boilermakers National Annuity Trust argued that their case offered more-solid, as well as alternative, claims against IAC, IAC Chairman Barry Diller and past and current Match directors over a deal that separated the two companies under terms unfair to investors and Match.
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David Newman and the Boilermakers National Annuity Trust are represented by Peter B. Andrews, Craig J. Springer, Jessica Zeldin and David Sborz of Andrews & Springer LLC; Jeremy Friedman and David Tejtel of Friedman Oster & Tejtel PLLC; and Christina D. Saler and Richard A. Speirs of Cohen Milstein Sellers & Toll PLLC.
Case name: In re: Match Group Inc. Derivative Litigation (2020-0505) Court of Chancery of the State of Delaware.