Law Offices of Todd M. Garber Announces Class Action Lawsuit Against
LOS ANGELES -- January 26, 2013
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 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, 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
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law
Los Angeles, California
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