The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Groupon, Inc.

Monday, January 14, 2013

Glancy Binkow & Goldberg LLP Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Groupon, Inc.20:45 EST Monday, January 14, 2013 LOS ANGELES (Business Wire) -- Glancy Binkow & Goldberg LLP announces that 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”), have until February 19, 2013 to file a motion with the Court to be appointed as lead plaintiff. The securities fraud class action lawsuit was filed in the United States District Court for the Northern District of Illinois. 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 purchased Groupon common stock between May 14, 2012 and November 8, 2012, 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 action at this time; you may retain counsel of your choice or take no action and remain an absent Class member. To learn more about this action, or if you have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Glancy Binkow & Goldberg LLP, Los Angeles, CAMichael Goldberg310-201-9150 or 888-773-9224shareholders@glancylaw.comwww.glancylaw.com