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Milberg LLP Announces Pendency of Class Action Lawsuit Against Groupon, Inc. (GRPN) - grouponstockclassaction.com

  Milberg LLP Announces Pendency of Class Action Lawsuit Against Groupon, Inc.
  (GRPN) - grouponstockclassaction.com

Business Wire

NEW YORK -- January 22, 2013

Milberg LLP announces that a class action lawsuit has been filed in the United
States District Court for the Northern District of Illinois on behalf of
purchasers of Groupon, Inc. (“Groupon”) (NASDAQ:GRPN) common stock between May
14, 2012 and November 8, 2012, inclusive (the “Class Period”).

Milberg LLP has created a website (www.grouponstockclassaction.com) that seeks
to answer questions about shareholder class actions.

The lawsuit alleges Groupon and certain of its officers and directors violated
the Securities Exchange Act of 1934. The complaint claims Groupon issued
materially false and misleading statements which led to an inflated stock
price during the Class Period.

On November 8, 2012, Groupon issued a press release disclosing its third
quarter 2012 earnings results, announcing disappointing revenue results for
the third quarter and lowered revenue guidance for the fourth quarter of 2012.
In a conference call, management recognized that the company’s lower margin
Groupon Goods business would be a more important part of its revenues. As a
result of this news, Groupon stock fell $1.16 per share to close at $2.76 per
share on November 9, 2012, a one-day drop of 29.59%.

If you purchased Groupon shares during the Class Period you may, no later than
February 19, 2013, request that the Court appoint you lead plaintiff. A lead
plaintiff is a class member that directs the litigation. Your share in any
recovery will not be affected by serving as a lead plaintiff. You do not need
to be a lead plaintiff to recover. You may retain Milberg LLP, or other
attorneys, for this action, but do not need to retain counsel to recover. If
this action is certified as a class action, class members will be
automatically represented by Court-appointed counsel. The complaints in this
action were not filed by Milberg.

If you wish to discuss this matter with us, please contact the following
attorney:

Andrei Rado, Esq.
Milberg LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY 10119-0165
Phone number: 800-320-5081
Email: arado@milberg.com

Milberg LLP has represented individual and institutional investors for over
four decades and serves as lead counsel in Courts throughout the United
States. Visit the Milberg website (www.milberg.com) for more information about
the firm.

   Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

Contact:

Milberg LLP
Andrei Rado, Esq.
800-320-5081
arado@milberg.com
 
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