Faruqi & Faruqi, LLP Encourages Investors Who Suffered $100,000 In Losses
Investing In Groupon, Inc. To Contact The Firm
NEW YORK, Jan. 11, 2013
NEW YORK, Jan. 11, 2013 /PRNewswire/ --Faruqi & Faruqi, LLP, a leading
national securities law firm, is investigating potential securities fraud at
Groupon, Inc. ("Groupon" or the "Company") (NASDAQ: GRPN).
The investigation focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that: (1) a substantial
portion of Groupon's revenue growth was being derived from its non-core,
lower-margin Groupon Goods business; (2) Groupon's business was not growing to
the extent represented by the Company; and (3) Groupon's revenue stream was
shifting in a manner which would lead to lower margins.
On November 8, 2012, Groupon issued a press release announcing its third
quarter 2012 earnings results, reporting disappointing revenue results for the
third quarter and lowered revenue guidance for the fourth quarter of 2012
below market expectations. In a conference call following the release of
Groupon's third quarter results, Groupon acknowledged that the Company's lower
margin Groupon Goods business would be a more significant part of its
revenues. As a result of this news, Groupon stock dropped $1.16 per share to
close at $2.76 per share on November 9, 2012, a one-day decline of nearly 30%
and a decline of 78% from the stock's Class Period high.
Request more information now by clicking here: www.faruqilaw.com/GRPN. There
is no cost or obligation to you.
If you purchased Groupon stock or options between May 14, 2012 and November 8,
2012 and would like to discuss your legal rights, visit
www.faruqilaw.com/GRPN. You can also contact us by calling Richard Gonnello
or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by
sending an e-mail to email@example.com firstname.lastname@example.org.
Faruqi & Faruqi, LLP also encourages anyone with information regarding
Groupon's conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We welcome the
opportunity to discuss your particular case. All communications will be
treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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