Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Groupon, Inc.
The Law Offices of Todd M. Garber announces that shareholders of Groupon, Inc. (“Groupon” or the “Company”) (NASDAQ: GRPN) have until February 19, 2013 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Northern District of Illinois. The lawsuit was filed on behalf of a class (the “Class”) comprising all purchasers of Groupon common stock 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. You may retain counsel of your choice or take no action and remain an absent Class member. If you wish to discuss this action or have any questions concerning this Notice 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 firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
The Law Offices of Todd M. Garber
Todd M. Garber, Attorney at Law