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Press release from PR Newswire

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses in Excess of $1 Million Investing in Groupon, Inc. to Contact the Firm

Thursday, April 19, 2012

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses in Excess of $1 Million Investing in Groupon, Inc. to Contact the Firm18:45 EDT Thursday, April 19, 2012NEW YORK, April 19, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Groupon, Inc. ("Groupon" or the "Company") (NASDAQ: GRPN).(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO)The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that:  (1) the Company materially understated refund reserves for the fourth quarter of 2011 due to a failure to properly account for coupon refunds; (2) Groupon materially misstated its previously reported fourth-quarter and full-year 2011 financial results; and (3) the Company lacked adequate internal and financial controls.Request more information now by clicking here:  www.faruqilaw.com/GRPNTake ActionIf you purchased Groupon securities and would like to discuss your legal rights, visit www.faruqilaw.com/GRPN.  You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Groupon's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.Attorney Advertising.  The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).  Prior results do not guarantee or predict a similar outcome with respect to any future matter.  We welcome the opportunity to discuss your particular case.  All communications will be treated in a confidential matter.FARUQI & FARUQI, LLP369 Lexington Avenue, 10th FloorNew York, NY 10017Attn:  Richard Gonnello, Esq.rgonnello@faruqilaw.comFrancis McConville, Esq.fmcconville@faruqilaw.comTelephone: (877) 247-4292 or (212) 983-9330SOURCE Faruqi & Faruqi, LLP