Kaskela Law LLC is investigating Groupon, Inc. (“Groupon” or the “Company”) (NASDAQ: GRPN) on behalf of the Company’s current stockholders.
Recently a securities fraud complaint was filed against Groupon in federal court on behalf of investors who purchased shares of the Company’s common stock between July 30, 2019 and February 18, 2020. According to the complaint, during that time period Groupon and certain of the Company’s executive officers made a series of false and/or misleading statements to investors concerning Groupon’s fiscal 2019 financial and operational performance.
The complaint further alleges that, on February 19, 2020, after Groupon reported disappointing Fourth Quarter and Full-Year 2019 financial/operational results and issued a series of disclosures to investors concerning the Company’s Goods segment, shares of the Company’s common stock declined over 45% in value.
The investigation seeks to determine whether the members of Groupon’s board of directors breached their fiduciary duties to the Company and its stockholders in connection with the above alleged misconduct.
Current Groupon stockholders who purchased shares of the Company’s stock prior to July 30, 2019 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by completing the form on this page, for additional information about this investigation and their legal rights and options.