SAN DIEGO, Feb. 11, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline to get actively involved is coming up on February 19, 2013 in the lawsuit filed on behalf of certain investors in shares of Groupon Inc (GRPN) over alleged Violations of Federal Securities Laws by Groupon Inc (GRPN) in connection with certain allegedly false and misleading statements made between May 14, 2012 and November 8, 2012.
If you purchased a significant amount of shares of Groupon Inc (GRPN) between May 14, 2012 and November 8, 2012, you have certain options and you should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The plaintiff alleges that between May 14, 2012 and November 8, 2012 defendants issued materially false and misleading statements regarding the Groupon's business and prospects and as a result of defendants' statements, Groupon stock traded between May 14, 2012 and November 8, 2012 at artificially inflated prices, reaching a high of $13.05 per share on May 16, 2012.
Then on November 8, 2012, Groupon announced its third quarter 2012 earnings results.
The plaintiff claims that Groupon reported disappointing revenue results for the third quarter and lowered revenue guidance for the fourth quarter of 2012 below analysts' expectations.
Furthermore, so the plaintiff, in a conference call following Groupon's third quarter results, defendants acknowledged that the Groupon's lower margin Groupon Goods business would be a more significant part of its revenues.
Shares of Groupon Inc (GRPN) dropped $1.16 per share to close at $2.76 per share on November 9, 2012 and declined to as low as $2.63 per share on Nov. 13, 2012.
Those who purchased a significant amount of shares of Groupon Inc (GRPN) between May 14, 2012 and November 8, 2012 have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, 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. The Shareholders Foundation, Inc. is not a law firm. 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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