|[January 26, 2013]
Law Offices of Todd M. Garber Announces Class Action Lawsuit Against Groupon, Inc.
LOS ANGELES --(Business Wire)--
The Law Offices of Todd M. Garber announces that a class action lawsuit
has been filed in the United States District Court for the Northern
District of Illinois on behalf of a class (the "Class") comprising 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").
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
tatements 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 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, or you may retain counsel of your
choice. If you have information or would like to learn more about these
claims, or if you have any questions concerning this announcement 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 firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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