BLOOMBERG – Sep 20 – IAC claims Tinder co-founder Sean Rad paid former employees to back his allegations in a $2B lawsuit that he was shortchanged because IAC unfairly valued Tinder. IAC believes Rad promised "millions of dollars" to two then-current Tinder employees in exchange for testimony supporting his claims, and also says the employees are bitter because they cashed out too early. New York State Supreme Court Justice Saliann Scarpulla denied IAC's request to dismiss the lawsuit, although she threw out some claims, including unjust enrichment and a merger-related breach of contract claim. She allowed claims of breach of contract and tortious interference, to go ahead.
by Kurt Wagner
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