Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class
Action Lawsuit Against Groupon, Inc.
LOS ANGELES -- January 14, 2013
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 margins.
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 firstname.lastname@example.org, 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
310-201-9150 or 888-773-9224
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