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NEW ORLEANS--([ BUSINESS WIRE ])--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC announce that KSF has commenced an investigation into Groupon, Inc. ("Groupon" or the "Company") (NASDAQ: GRPN). Earlier today, Ernst & Young LLP, the Companyas independent auditors, issued a statement of "material weakness" regarding Grouponas internal financial controls. This followed Grouponas announcement of material revisions to its reported financial results for its fourth quarter and year ended December 31, 2011, including 4Q:11 reductions of: (i) revenues of $14.3 million; (ii) operating income of $30.0 million; (iii) net income of $22.6 million; (iv) earnings per share of $0.04.

KSFas investigation is focusing on whether Groupon and its officers and directors violated federal securities laws, among other violations of state and federal law. If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn ([ lewis.kahn@ksfcounsel.com ]), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. ([ neil.rothstein@ksfcounsel.com ]), toll free at 877-694-9510, or via cell phone any time at 330-860-4092.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.

To learn more about KSF, you may visit [ www.ksfcounsel.com ].