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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Groupon, Inc. (NASDAQ: GRPN) from November 4, 2019 through February 18, 2020 (the “Class Period”). The lawsuit seeks to recover damages for Groupon, Inc. investors under the federal securities laws.
If you bought Groupon, Inc. securities between November 4, 2019 through February 18, 2020 and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Groupon, Inc. – GRPN
New York, N.Y., April 30, 2020. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Groupon, Inc. (NASDAQ: GRPN) between November 4, 2019 and February 18, 2020, inclusive (the “Class Period”).
To join the GRPN class action, go to http://zhanginvestorlaw.com/cases/groupon-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. LEAD PLAINTIFF STATUS IS NOT REQUIRED TO OBTAIN A RECOVERY.
According to the lawsuit, throughout the Class Period (1) the Company was experiencing fewer customer engagements in its Goods category; (2) Groupon relied on its Goods category to drive its sales, especially during the holiday season; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 29, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/groupon-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.