Barry Diller denies his company cheated Sean Rad and other co-founders out of $2 billion.<\/figcaption><\/figure>\n Blatt himself took the stand on Friday afternoon, where he was grilled by Rad attorney Orin Snyder about past statements he\u2019d made about Tinder\u2019s prospects, including a May 2017 investor call where Blatt said Tinder was an \u201cincredible business\u201d and said new features would continue \u201cdriving our continued growth.\u201d\u00a0<\/p>\n
Prior to Blatt\u2019s testimony, <\/strong>Friday morning\u2019s session saw testimony in support of Rad from Jonathan Badeen, an early Tinder executive who is still with the company.<\/p>\n
Badeen, who was initially a plaintiff in Rad\u2019s suit but was forced to drop out because he had signed an arbitration agreement, testified that he felt pressure from Blatt to downplay Tinder\u2019s prospects in 2017. Blatt did not respond to the allegation on Friday but is expected to do so early next week when his testimony continues.\u00a0<\/p>\n
Match\u2019s attorneys sought to question Badeen\u2019s credibility by saying that he had signed a litigation funding agreement under which he stands to be paid an undisclosed amount of money if the jury rules in favor of Rad\u2019s camp.<\/p>\n
<\/a>
Former Match and Tinder CEO Greg Blatt took the stand on Friday afternoon.<\/figcaption>
REUTERS<\/span><\/figcaption><\/figure>\n Rad\u2019s attorneys say that Badeen and two other witnesses with\u00a0
litigation funding deals<\/a>\u00a0\u2014 former Tinder executives James Kim and Rosette Pambakian \u2014 inked the agreements in order to help make up for stock options that Tinder took away when they initially joined the suit. They say that the money has nothing to do with their testimony.\u00a0<\/p>\n Judge Joel Cohen, the Manhattan Supreme Court judge hearing the case, has declined to throw out witnesses with litigation funding deals but has said the defense is allowed to raise the issue to jurors.\u00a0<\/p>\n
On Friday, Rad\u2019s team questioned whether one juror in the trial had violated rules against discussing or looking at media coverage of the trial outside of the courtroom, telling Judge Cohen that a juror \u201ccomes into court with the New York Post tucked under his arm each day.\u201d\u00a0<\/p>\n
Judge Cohen later reminded the jurors to not look at any media coverage of the trial.<\/p>\n
Rad spokeswoman Brandy Bergman did not respond to a request for comment.\u00a0\u00a0<\/p>\n<\/p><\/div>\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Barry Diller\u2019s dating-app giant Match Group lowballed the value of Tinder as it negotiated with the hookup app\u2019s founders over their exit packages in 2017, bilking them out of billions of dollars in the process, co-founder Sean Rad alleged in court. Specifically, Rad testified on Friday that Match \u2013which also owns OKCupid, Hinge and PlentyOfFish […]<\/p>\n","protected":false},"author":5,"featured_media":376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/posts\/375"}],"collection":[{"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/comments?post=375"}],"version-history":[{"count":0,"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/posts\/375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/media\/376"}],"wp:attachment":[{"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/media?parent=375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/categories?post=375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsfoxes.com\/wp-json\/wp\/v2\/tags?post=375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}