Press release
Investigation announced for Investors in shares of Groupon, Inc. (NASDAQ: GRPN)
An investigation for investors in Groupon, Inc. (NASDAQ: GRPN) shares over potential securities laws violations by Groupon, Inc.
Investors who purchased shares of Groupon, Inc. (NASDAQ: GRPN), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Groupon, Inc. (NASDAQ: GRPN) concerning whether a series of statements by Groupon, Inc. (NASDAQ: GRPN regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Chicago, IL based Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. On February 18, 2020, Groupon, Inc. reported fourth-quarter sales of $612.3 million, missing the analyst consensus estimate of $709.35 million and 23.46% decrease over sales of $799.93 million in the same period last year. Adjusted EBITDA for the full year was $227.2 million in 2019, missing the $270 million estimate that the Company affirmed on a November 2019 conference call.
Shares of Groupon, Inc. (NASDAQ: GRPN) declined from $3.16 per share on February 6, 2020 to as low as $1.70 per share on February 19, 2020.
Those who purchased shares of Groupon, Inc. (NASDAQ: GRPN) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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