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
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 [email protected],
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