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Science and TechnologyScience and Technology 
Fri, April 20, 2012
Thu, April 19, 2012
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses in Excess of $1 Million Investing in Groupon, Inc. to
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses in Excess... -- NEW YORK, April 19, 2012 /PRNewswire/ --
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses in Excess of $1 Million Investing in Groupon, Inc. to Contact the Firm
NEW YORK, April 19, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Groupon, Inc. ("Groupon" or the "Company") (NASDAQ: GRPN).
(Logo: [ http://photos.prnewswire.com/prnh/20120119/MM38856LOGO ])
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the Company materially understated refund reserves for the fourth quarter of 2011 due to a failure to properly account for coupon refunds; (2) Groupon materially misstated its previously reported fourth-quarter and full-year 2011 financial results; and (3) the Company lacked adequate internal and financial controls.
Request more information now by clicking here: [ www.faruqilaw.com/GRPN ]
Take Action
If you purchased Groupon securities and would like to discuss your legal rights, visit [ www.faruqilaw.com/GRPN ]. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [ rgonnello@faruqilaw.com ] or [ fmcconville@faruqilaw.com ]. Faruqi & Faruqi, LLP also encourages anyone with information regarding Groupon's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ([ www.faruqilaw.com ]). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[ rgonnello@faruqilaw.com ]
Francis McConville, Esq.
[ fmcconville@faruqilaw.com ]
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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