Match Group Investor Drops Leadership Suit With Others Pending

A Match Group Inc. shareholder is releasing current and former management from allegations they left predators on dating platform Tinder, deferring to previously filed lawsuits.

Shareholder Ned Habedus told the US District Court for the Central District of California Thursday he was voluntarily dropping his derivative action. Two others are pending with overlapping allegations of a downplaying a decline in active users to investors. They echo a proposed class action filed last year against the company, former CEO Bernard Kim, and former president Gary Swidler.

• Habedus alleged they misrepresented its handling of safety issues and downplayed challenges to boosting ...