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The lawsuit claims at least $250 million in damages, which Match and IAC said represented “the portion of the equity compensation Rad received but that he was not entitled to by virtue of his wrongdoing.”. IAC and Match in the complaint alleged that in violation of an employment agreement, over several years Rad created backups of internal emails, forwarded company emails to a personal email address, and directly copied company files that included “highly sensitive, non-public information concerning his employers’ business strategies and plans.”.

Orin Snyder, a lawyer for Rad, who how to wear cufflinks with buttons lives in Los Angeles, said in a statement that the lawsuit was “ridiculous” because Rad’s employment contract allowed him to back up his email, “Do IAC and Match really think the jury won’t see right through this desperate act of retaliation?” Snyder said, The lawsuit by Rad and others against IAC and Match, which was filed in August, also in New York state court in Manhattan, alleged the companies deliberately undervalued the Tinder dating app to limit how much money they could make from exercising stock options..

(Reuters) - SQN Investors LP said on Wednesday Yelp Inc’s shares could surge to between $55 and $65, up to 80 percent above its current price, if the customer review company appoints new board members and considers selling itself. SQN, one of the biggest shareholders in Yelp with a more than 4 percent stake, said investors “must seize opportunity” to refresh board with three new directors, including stockholder representation. The refreshed board will evaluate options such as possible sale of the company as an immediate private equity-led buyout could fetch $47 to $50 per share.

SQN said that Yelp should partner with companies like GrubHub Inc and ANGI Homeservices Inc and could alternatively seek potential bidders such as Amazon.com how to wear cufflinks with buttons Inc or Facebook Inc, Shares of Yelp were up 3.3 percent at $36.13 in late afternoon trading, In response to SQN’s recommendation, Yelp said it was looking for additional board candidates and “is open to hearing any ideas and investor input, including from SQN”, In the past several quarters, Yelp has struggled to grow, with revenue growth decelerating to high-single digits..

“We see Yelp’s challenges as mainly structural – exploiting the local internet market is a difficult task. We would argue that GrubHub has been the most successful in that endeavor,” DA Davidson analyst Thomas Forte said. Last month, SQN called for an overhaul of the company’s board and appointment of new independent directors. “We remain willing and open to meeting with SQN to hear their perspectives on the topics they have previously raised, all of which are items on which the Board has already been engaged,” Yelp said.

(Reuters) - Goldman Sachs Group Inc (GS.N) turned in a better-than-expected profit during David Solomon’s first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw, A 56 percent jump in M&A fees as well as higher equities trading revenue during a volatile quarter for stocks helped offset another decline in bond trading, a business whose structural issues have forced Goldman to rethink its overall business model, Shares of the fifth-largest how to wear cufflinks with buttons U.S, bank surged more than 8 percent in midday trading on Wednesday..

Using a plan Solomon co-developed in 2017, Goldman Sachs is trying to generate $5 billion in additional annual revenue by growing its consumer operation, wooing new institutional customers and convincing existing clients to do more business with the bank. “We will not be complacent waiting for the market to return,” Solomon said on a conference call with analysts, referring to bond trading. The comments broke with a precedent set by previous CEO Lloyd Blankfein, who did not publicly speak to analysts each quarter.

Solomon also addressed Goldman’s involvement in the Malaysian 1MDB scandal, apologizing for a former employee’s role while defending the broader bank’s innocence, [L3N1ZG46A], Goldman reported a profit of $2.3 billion, or $6.04 per share, in the fourth quarter, That compared with a loss of $2.1 billion, or $5.51 per share, in the year-ago period when the bank took a big one-time how to wear cufflinks with buttons hit from the U.S, tax code overhaul, Analysts had expected a profit of $4.45 per share, according to IBES data from Refinitiv, Analysts said the bank handily beat consensus expectations when taking into account one-time items..