Groupon Inc : Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Groupon, Inc.
02/08/2013| 09:05pm US/Eastern
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The Law Offices of Todd M. Garber announces that shareholders of
Groupon, Inc. ("Groupon" or the "Company") (NASDAQ:GRPN) have until
February 19, 2013 to move for lead plaintiff status in the shareholder
lawsuit filed in the United States District Court for the Northern
District of Illinois. The lawsuit was filed on behalf of a class (the
"Class") comprising all purchasers of Groupon common stock between May
14, 2012 and November 8, 2012, inclusive (the "Class Period").
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 are a member of the above-described Class, 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 any action at this time. You may retain counsel of your
choice or take no action and remain an absent Class member. If you wish
to discuss this action or have any questions concerning this Notice or
your rights or interests with respect to these matters, please contact
Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber, by
telephone at 213-700-7262 or by email to info@toddgarberlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
The Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
213-700-7262
info@toddgarberlaw.com
© Business Wire 2013
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