THE VERGE – Nov 2 – Bumble is looking to drop its $400M countersuit against Match Group. Yesterday, Match filed a notice of non-opposition, essentially saying that it's okay with Bumble dropping its claims so long as the court issues declaratory judgments absolving Match from allegedly stealing Bumble's trade secrets. Match is also hoping the court will issue declaratory judgments validating its patents and Bumble's alleged infringement of them, which are involved in its original lawsuit from March. Both companies seem okay backing away from this case for now, but Match seems to want to get some absolution out of it, especially if it'll benefit the company's lawsuit against Bumble. Match sees Bumble's countersuit as serving only as a publicity stunt to bolster its reputation.
by Makena Kelly & Ashley Carman
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