Member access

4-Traders Homepage  >  Shares  >  Nasdaq  >  Groupon Inc    GRPN   US3994731079

GROUPON INC (GRPN)

53
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Groupon Inc : Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Groupon, Inc.

01/14/2013 | 08:50pm US/Eastern

Glancy Binkow & Goldberg LLP announces that all purchasers of the common stock of Groupon, Inc. ("Groupon" or the "Company") (NASDAQ:GRPN) between May 14, 2012 and November 8, 2012, inclusive (the "Class Period"), have until February 19, 2013 to file a motion with the Court to be appointed as lead plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Northern District of Illinois.

Groupon operates as a local commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. The Complaint alleges that throughout the Class Period the defendants issued materially false and misleading statements regarding the Company's business and financial prospects. Specifically, defendants misrepresented and/or failed to disclose that: (1) an increasing share of the Company's revenue growth was being derived from its non-core, lower-margin Groupon Goods business; (2) the Company's business growth was not as robust as represented; and (3) the Company's revenue mix was shifting in a manner that would lead to lower margins.

If you purchased Groupon common stock between May 14, 2012 and November 8, 2012, you may move the Court no later than February 19, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent Class member. To learn more about this action, or if you have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com


© Business Wire 2013
React to this article
Latest news on GROUPON INC
12/11 GROUPON : Helps You Get What You Actually Want This Holiday
12/05 GROUPON : DNA Sequencing Breakthrough -- Ex-Groupon CEO Joins Prenetics, Launche..
12/04DJWARREN BUFFETT : Microsoft's A Rare Tech Gainer In Mixed Session
12/03 GROUPON : Assigned Patent
12/02DJWal-Mart Reports Strong Cyber Monday Orders -- 3rd Update
12/02DJWal-Mart Reports Strong Cyber Monday Orders -- 2nd Update
12/02 GROUPON : Gives Back on Giving Tuesday and Offers Sweepstakes with Hugh Jackman
12/02DJWal-Mart Reports Strong Cyber Monday Orders -- Update
12/02 GROUPON : Delivers Record-Breaking Sales Over the Holiday Weekend
12/02 GROUPON : to Participate in the Credit Suisse 18th Annual Technology Conference
Advertisement
Chart
Duration : Period :
Groupon Inc Technical Analysis Chart | GRPN | US3994731079 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF