Deadline on February 19 in Lawsuit for Investors in Groupon Inc (GRPN) Announced by Shareholders Foundation

Deadline on February 19 in Lawsuit for Investors in Groupon Inc (GRPN)
Announced by Shareholders Foundation

SAN DIEGO, Feb. 11, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc.
announces that a deadline to get actively involved is coming up on February
19, 2013 in the lawsuit filed on behalf of certain investors in shares of
Groupon Inc (GRPN) over alleged Violations of Federal Securities Laws by
Groupon Inc (GRPN) in connection with certain allegedly false and misleading
statements made between May 14, 2012 and November 8, 2012.

If you purchased a significant amount of shares of Groupon Inc (GRPN) between
May 14, 2012 and November 8, 2012, you have certain options and you should
contact the Shareholders Foundation, Inc. by e-mail at
mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The plaintiff alleges that between May 14, 2012 and November 8, 2012
defendants issued materially false and misleading statements regarding the
Groupon's business and prospects and as a result of defendants' statements,
Groupon stock traded between May 14, 2012 and November 8, 2012 at artificially
inflated prices, reaching a high of $13.05 per share on May 16, 2012.

Then on November 8, 2012, Groupon announced its third quarter 2012 earnings
results.

The plaintiff claims that Groupon reported disappointing revenue results for
the third quarter and lowered revenue guidance for the fourth quarter of 2012
below analysts' expectations.

Furthermore, so the plaintiff, in a conference call following Groupon's third
quarter results, defendants acknowledged that the Groupon's lower margin
Groupon Goods business would be a more significant part of its revenues.

Shares of Groupon Inc (GRPN) dropped $1.16 per share to close at $2.76 per
share on November 9, 2012 and declined to as low as $2.63 per share on Nov.
13, 2012.

Those who purchased a significant amount of shares of Groupon Inc (GRPN)
between May 14, 2012 and November 8, 2012 have certain options and should
contact the Shareholders Foundation, Inc. by e-mail at
mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and a settlement claim filing service, which does research related to
shareholder issues and informs investors of securities class actions,
settlements, judgments, and other legal related news to the stock/financial
market. The Shareholders Foundation, Inc. is not a law firm. The information
is provided as a public service. It is not intended as legal advice and should
not be relied upon.

The Shareholders Foundation, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6931

CONTACT: Shareholders Foundation, Inc.
         Trevor Allen
         +1 (858) 779-1554
         mail@shareholdersfoundation.com
         3111 Camino Del Rio North
         Suite 423
         San Diego, CA 92108

SF logo
 
Press spacebar to pause and continue. Press esc to stop.