Tinder's Founders Sue Owner Saying They Were Cheated Out of Billions

A group of Tinder founders, executives and early employees sued IAC/InterActiveCorp and Match Group Inc., claiming the owners of the dating app are trying to cheat them out of billions of dollars in options.

Match Group shares dropped as much as 3.8 percent Tuesday. The lawsuit was first reported by CNBC. IAC rose 0.3 percent to $191.77 at 12:46 p.m.

The 10 people suing include co-founder and former Chief Executive Officer Sean Rad and co-founder and former Chief Strategy Officer Jonathan Badeen.