- General
- January 16, 2019
- 5 minutes read
Tinder Owner IAC Sues Co-Founder Sean Rad Over Company Documents
Tinder co-founder and former CEO Sean Rad Photo by Eóin Noonan/Web Summit via Sportsfile Match Group, the Dallas based online…
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Tinder co-founder and former CEO Sean Rad
Photo by Eóin Noonan/Web Summit via Sportsfile
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Match Group, the Dallas based online dating company behind popular services including Tinder, OkCupid and PlentyOfFish and its parent firm IAC has filed a lawsuit against Tinder co-founder and ex CEO Sean Rad alleging theft of company files and other proprietary files. The lawsuit filed in a Manhattan state court on Tuesday claims $250 million in damages.
It comes six months after Rad and other Tinder co-founders filed a $2 billion lawsuit against IAC, alleging it manipulated data to lessen Tinder’s valuation and rob them of stock options, and that former CEO Greg Blatt engaged in sexual harassment.
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IAC chairman Barry Diller
image : John Koetsier on Flickr
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IAC is now alleging that Rad in violation of an employment agreement, created backups of internal e-mails, directly copied company files that include “highly sensitive, non-public information concerning his employers’ business strategies and plans.” and forwarded company e-mails to personal addresses.
Tinder’s history has had a share of lawsuits beginning from that of co-founder Whitney Wolfe Herd alleging fellow executives and co-founders Rad and Justin Mateen had engaged in discrimination, harassment, and retaliation against her while IAC’s Sam Yagan, Tinder’s corporate supervisor did nothing (Herd later founded and now heads Bumble, a Tinder competitor with tens of millions of users and a $1 billion valuation according to Forbes).
This new lawsuit escalates the fight between its founding team and parent company Match Group under which it incubated.