LendingTree Issues Statement Regarding IMX Patent Infringement Lawsuit

CHARLOTTE, N.C., Jan. 26 /PRNewswire/ -- The following statement was made today by Tom Reddin, chief executive officer, IAC Financial Services and Real Estate:

"This case will have no meaningful effect on how our lenders and customers interact with LendingTree. The patent does not go to the heart of the LendingTree proposition and, if the verdict were to be upheld, LendingTree could easily design around it without impact to either the consumer or lender experience. LendingTree will continue to provide the same level of quality service to both consumers and lenders, and the fundamentals of our consumer proposition will remain the same -- consumers will continue to use the LendingTree marketplace to find lenders that will compete for their business."

About LendingTree, LLC

LendingTree(R), LLC is the nation's number one online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. Since inception, LendingTree has facilitated more than 16 million loan requests and $109 billion in closed loan transactions. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, and credit cards via http://www.lendingtree.com/ and 800-555-TREE. Founded in 1998 and headquartered in Charlotte, North Carolina, LendingTree, LLC is part of IAC Financial Services and Real Estate, an operating business of IAC/InterActiveCorp (NASDAQ: IACI) , which also owns or operates LendingTree Loans, LendingTree Settlement Services, LLC(R), GetSmart Lending(R), RealEstate.com, Domania, and iNest.

   Contact:  Rebecca Anderson
             LendingTree, LLC
             704-943-8019
             Rebecca.anderson@lendingtree.com

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