Diller’s IAC Duped Tinder Founders on Phony Growth, Lawyer Says

The founders of the popular dating app Tinder LLC were duped by Barry Diller’s IAC/InterActiveCorp. and Match Group Inc. into thinking Tinder was far less valuable than it really was, depriving them of $2 billion, an attorney told a New York jury.

“When it came time to pay the men and women who had built this company what they were simply owed what they were contractually obligated to pay, the defendants in this case schemed to create a phony story about the future growth of Tinder so they wouldn’t have to pay,” Josh Dubin, an attorney for the Tinder ...