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Groupon, Inc. (NasdaqGS: GRPN)

Groupon, Inc. (NasdaqGS: GRPN)

Company Name: Groupon, Inc.
Stock Symbol: NasdaqGS: GRPN
Class Period Start: 11/04/2019
Class Period End (inclusive): 11/04/2019
Filing Deadline: 06/29/2020
Court: Northern District of Illinois

Case Details

Barbuto & Johansson, P.A. reminds investors that they have until June 29, 2020 to contact the Firm to learn more about the class action filed against GROUPON, INC. (NASDAQGS: GRPN), and appointment of lead plaintiff. The Class Action, LAZAR MACOVSKI v. GROUPON, INC., et al., Case No.: 1:20-cv-02581, was filed in the US District Court for the Northern District of Illinois on behalf of shareholders who purchased GROUPON securities between November 4, 2019 and February 18, 2020, inclusive (the “Class Period”).  The lawsuit seeks to recover damages against GROUPON and certain officers for alleged violations of federal securities laws. The complaint alleges, in part, that throughout the Class Period, GROUPON made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. It is alleged that the Defendants failed to disclose that the Company was experiencing fewer customer engagements in its Goods category, which the Company relied on to drive its sales. On February 18, 2020, the Company reported a 23% decline on sales, year-over-year, and announced a “transformational plan to exit Goods” in North America by the third quarter. On this news, the Company’s share price fell over 44%, to close at $1.70 per share on February 19, 2020. If you’ve suffered damages from investing in GROUPON and would like to discuss your options, including petitioning the court for a leadership position, you may, without obligation, contact the Firm's Managing Partner, Anthony Barbuto, at (888) 715-2520 or via email at anthony@barjolaw.com. The case is Lazar Macovski, et al. v. Groupon, Inc., et al., 20-cv-02581.  Click here to read the first filed complaint.