Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Groupon Inc    GRPN

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Groupon Inc : Law Offices of Howard G. Smith Announces Continued Investigation On Behalf of Investors of Groupon, Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/03/2012 | 02:20am CEST

Law Offices of Howard G. Smith announces that it is continuing to investigate potential claims on behalf of purchasers of the securities of Groupon, Inc. ("Groupon" or the "Company") (NASDAQ: GRPN) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between November 3, 2011 and March 30, 2012, regarding Groupon's business, operations and financial condition were false and misleading.

Groupon operates an e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount in North America and internationally. Specifically, the investigation relates to the Company's March 30, 2012 disclosure that the Company was revising its reported year-end and fourth quarter financial results for 2011. According to the Company, the revisions resulted in a reduction to fourth quarter 2011 revenue of $14.3 million and an increase to fourth quarter operating expenses that reduced operating income by $30.0 million, net income by $22.6 million, and earnings per share by $0.04. The Company further disclosed that the revisions were primarily related to an increase to the Company's refund reserve accrual to reflect a shift in the Company's fourth quarter deal mix and higher price point offers, which have higher refund rates, and that the Company had a material weakness in its internal controls over its financial statement close process.

If you purchased Groupon securities between November 3, 2011 and March 30, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com


© Business Wire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GROUPON INC
05/18 GROUPON : Survey Finds Families Will Spend an Average of 35 Days or One-Third of..
05/17 GROUPON, INC. (NASDAQ : GRPN) Files An 8-K Other Events
05/17 GROUPON, INC. : Other Events, Financial Statements and Exhibits (form 8-K)
05/12 GROUPON : to Participate in the J.P. Morgan Global Technology, Media and Telecom..
05/12 GROUPON : Norges Bank Invests $11.26 Million in Groupon Inc (GRPN)
05/11 GROUPON : Announces First Quarter 2017 Results
05/10 MAKE YOUR MOM'S HEART FLOAT THIS MOT : Throw a New Orleans Parade in Her Honor f..
05/10 MAKE YOUR MOM’S HEART FLOAT TH : Throw a New Orleans Parade in Her Honor f..
05/03 GROUPON INC (NASDAQ : GRPN) reported earnings of $0.01 per share beating Walls S..
05/03 GROUPON : reports 1Q loss
More news
Sector news : Internet & Mail Order Discount Stores
05/19DJWAL MART STORES : Today's Top Supply Chain and Logistics News From WSJ
05/18DJTARGET : Sales Continue Skid -- WSJ
05/17 Target optimistic on full-year forecast after profit beat
05/17DJTARGET : Posts Weaker Sales, Plans Store Redesigns, More Brands -- 3rd Update
05/17DJTARGET : Posts Weaker Sales, Plans Store Redesigns, More Brands -- 2nd Update
More sector news : Internet & Mail Order Discount Stores
News from SeekingAlpha
05/05 Groupon's North American Performance Being Skewed By International Restructur..
05/04 WALL STREET BREAKFAST : A Fresh Healthcare Vote
05/03 Groupon, Inc. 2017 Q1 - Results - Earnings Call Slides
05/03 Groupon (GRPN) Q1 2017 Results - Earnings Call Transcript
05/03 TECHNOLOGY - TOP GAINERS / LOSERS AS : 00 pm
Advertisement
Financials ($)
Sales 2017 2 905 M
EBIT 2017 40,8 M
Net income 2017 -55,3 M
Finance 2017 761 M
Yield 2017 -
P/E ratio 2017 -
P/E ratio 2018 120,29
EV / Sales 2017 0,38x
EV / Sales 2018 0,28x
Capitalization 1 862 M
More Financials
Chart GROUPON INC
Duration : Period :
Groupon Inc Technical Analysis Chart | GRPN | US3994731079 | 4-Traders
Full-screen chart
Technical analysis trends GROUPON INC
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 4,23 $
Spread / Average Target 28%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Richard Williams Chief Executive Officer & Director
Eric P. Lefkofsky Chairman
Michael O. Randolfi Chief Financial Officer
Peter J. Barris Independent Director
Brad A. Keywell Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GROUPON INC0.00%1 862
COSTCO WHOLESALE CORPO..7.20%75 340
TJX COMPANIES INC-1.14%47 871
WAL-MART DE MEXICO S A..14.20%39 510
TARGET CORPORATION-22.48%30 884
DOLLAR GENERAL CORP.-2.86%19 778
More Results