Johnson Fistel Launches Investigation into Grindr Board Actions

Johnson Fistel, PLLP has initiated an investigation into potential breaches of fiduciary duty by the Board of Directors of Grindr Inc. (NYSE: GRND). This inquiry stems from the Board’s decision to terminate negotiations with the company’s controlling stockholder. The focus is on whether this decision and related corporate actions align with the duties owed to all shareholders, particularly the minority shareholders.

The investigation seeks to determine if the Board’s decisions may have adversely affected shareholder rights, including the balance of control within the company and the treatment of non-controlling investors. Shareholders of Grindr are encouraged to consider participating in the investigation to protect their interests.

For those interested in joining the investigation or obtaining more information, a link is available: https://www.johnsonfistel.com/investigations/grindr-grnd/. Additionally, inquiries can be directed to lead analyst Jim Baker at (619) 814-4471 or via email at [email protected]. It is advisable to include a phone number when reaching out via email.

Details of the Investigation

Johnson Fistel is a nationally recognized law firm specializing in shareholder rights, with offices across California, New York, Georgia, Idaho, and Colorado. The firm is known for representing individual and institutional investors in shareholder derivative lawsuits and securities class action lawsuits. It also extends its services to foreign investors who have purchased shares on U.S. exchanges.

The firm’s recent achievements include being ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services in 2024. This recognition underscores the firm’s commitment to advocating for investors, having recovered approximately $90.7 million for clients in cases where it served as lead or co-lead counsel. This marks the eighth time that Johnson Fistel has been acknowledged as a top plaintiffs’ securities law firm in the United States based on the total dollar value of final recoveries.

As the investigation unfolds, the focus will remain on ensuring that the rights of all shareholders, particularly those of minority stakes, are upheld.

For additional insight into the ongoing developments and to learn how Johnson Fistel can assist in recovering potential losses, visit their website at www.johnsonfistel.com.

Attorney advertising is noted, and past results do not guarantee future outcomes. Services may be conducted by attorneys from any of the firm’s offices. Johnson Fistel, PLLP has sponsored the dissemination of this communication, with Frank J. Johnson being responsible for its content.

For further inquiries, contact Johnson Fistel, PLLP at 501 W. Broadway, Suite 800, San Diego, CA 92101.