{"id":9435,"date":"2020-05-06T07:20:27","date_gmt":"2020-05-06T07:20:27","guid":{"rendered":"https:\/\/icrowdnewswire.com\/2020\/05\/06\/groupon-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-northern\/"},"modified":"2020-05-06T07:20:27","modified_gmt":"2020-05-06T07:20:27","slug":"groupon-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-nort","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2020\/05\/06\/groupon-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-nort\/","title":{"rendered":"Groupon, Inc. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of Illinois against Groupon, Inc."},"content":{"rendered":"<p><span class=\"xn-location\">NEW YORK<\/span>,&nbsp;<span class=\"xn-person\">Wolf Haldenstein Adler Freeman<\/span>&nbsp;&amp; Herz LLP&nbsp;&nbsp;announces that a class action lawsuit has been filed against Groupon, Inc. (&#8220;Groupon&#8221; or the &#8220;Company&#8221;) (NASDAQ:&nbsp;GRPN) in&nbsp;<span class=\"xn-location\">the United States<\/span>&nbsp;District Court for the Northern District of&nbsp;<span class=\"xn-location\">Illinois<\/span>&nbsp;on behalf of those who purchased or acquired the securities of Groupon between&nbsp;<span class=\"xn-chron\">November 4, 2019<\/span>&nbsp;and&nbsp;<span class=\"xn-chron\">February 18<\/span>, 2020,&nbsp; inclusive (the &#8220;Class Period&#8221;).&nbsp;<\/p>\n<p><strong>All &nbsp;investors who purchased shares&nbsp;<\/strong><strong>of Groupon, Inc.<\/strong>&nbsp;<strong>and incurred losses are u<\/strong><strong>rged<\/strong><strong>&nbsp;to contact the firm immediately at&nbsp;classmember@whafh.com&nbsp;or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or&nbsp;join the case&nbsp;on our website,&nbsp;www.whafh.com.<\/strong><\/p>\n<p>If you have incurred losses in the shares of&nbsp; Groupon, Inc., &nbsp;<strong>yo<\/strong><strong>u may,<\/strong>&nbsp;<strong>no later than&nbsp;<span class=\"xn-chron\">June 29, 2020<\/span><\/strong><strong>,&nbsp;<\/strong>request that the Court appoint you lead plaintiff of the proposed class.&nbsp; Please contact&nbsp;<span class=\"xn-person\">Wolf Haldenstein<\/span>&nbsp;to learn more about your rights as an investor in the shares of&nbsp;<strong>&nbsp;<\/strong>Groupon, Inc.&nbsp;<strong>&nbsp;&nbsp;&nbsp;&nbsp;<\/strong>&nbsp;&nbsp;<\/p>\n<p class=\"prntac\"><strong>CLICK HERE TO JOIN THE CASE<\/strong><\/p>\n<p>The filed Complaint alleges Defendants made false and\/or misleading statements and\/or failed to disclose:<\/p>\n<ul>\n<li>the Company was experiencing fewer customer engagements in its Goods category;<\/li>\n<li>Groupon relied on its Goods category to drive its sales, especially during the holiday season;<\/li>\n<li>as a result of the foregoing, the Company was likely to experience reduced sales; and<\/li>\n<li>as a result of the foregoing, Defendants&#8217; positive statements about the Company&#8217; business, operations, and prospects, were materially misleading and\/or lacked a reasonable basis.<\/li>\n<\/ul>\n<p>On&nbsp;<span class=\"xn-chron\">February 18, 2020<\/span>, Groupon reported sales of&nbsp;<span class=\"xn-money\">$612.3 million<\/span>, a 23% decline year-over-year. Groupon&#8217;s adjusted EBITDA for fiscal 2019 was reported at&nbsp;<span class=\"xn-money\">$227.2 million<\/span>, a significant miss from its&nbsp;<span class=\"xn-chron\">November 2019<\/span>&nbsp;forecast of&nbsp;<span class=\"xn-money\">$270 million<\/span>. Groupon also announced a&nbsp;<em>&#8220;transformational plan to exit Goods&#8221;<\/em>&nbsp;in&nbsp;<span class=\"xn-location\">North America<\/span>&nbsp;by the third quarter and globally by the end of the year.<\/p>\n<p>On this news, Groupon&#8217;s share price fell more than 44%.<\/p>\n<p>On&nbsp;<span class=\"xn-chron\">March 25, 2020<\/span>, Groupon abruptly announced that its Chief Executive Officer,&nbsp;<span class=\"xn-person\">Rich Williams<\/span>, and Chief Operating Officer,&nbsp;<span class=\"xn-person\">Steve Krenzer<\/span>, were&nbsp;<em>&#8220;no longer serving&#8221;<\/em>&nbsp;in their roles, but would continue as Groupon employees.<\/p>\n<p><span class=\"xn-person\">Wolf Haldenstein<\/span>&nbsp;has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.&nbsp; The firm has attorneys in various practice areas; and offices in&nbsp;<span class=\"xn-location\">New York<\/span>,&nbsp;<span class=\"xn-location\">Chicago<\/span>&nbsp;and San Diego.&nbsp; The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n<p>If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact&nbsp;<span class=\"xn-person\">Wolf Haldenstein<\/span>&nbsp;by telephone at (800) 575-0735, via e-mail at&nbsp;classmember@whafh.com, or visit our website at&nbsp;&nbsp;www.whafh.com.<\/p>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/www.whafh.com\" target=\"_blank\">http:\/\/www.whafh.com<\/a><br \/><b>Contact Information:<\/b><br \/>Wolf Haldenstein Adler Freeman &#038; Herz LLP<br \/>\nKevin Cooper, Esq.<br \/>\nGregory Stone, Director of Case and Financial Analysis<br \/>\nEmail: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com<br \/>\nTel: (800) 575-0735 or (212) 545-4774<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/legal-newswire\/\" rel=\"category tag\">Legal Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>Wolf Haldenstein Adler Freeman &#038; Herz LLP<br \/>\nKevin Cooper, Esq.<br \/>\nGregory Stone, Director of Case and Financial Analysis<br \/>\nEmail: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com <br \/>\nTel: (800) 575-0735 or (212) 545-4774<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK,&nbsp;Wolf Haldenstein Adler Freeman&nbsp;&amp; Herz LLP&nbsp;&nbsp;announces that a class action lawsuit has been filed against Groupon, Inc. (&ldquo;Groupon&rdquo; or the &ldquo;Company&rdquo;) (NASDAQ:&nbsp;GRPN) in&nbsp;the United States&nbsp;District Court for the Northern District of&nbsp;Illinois&nbsp;on behalf of those who purchased or acquired the securities of Groupon between&nbsp;November 4, 2019&nbsp;and&nbsp;February 18, 2020,&nbsp; inclusive (the &ldquo;Class Period&rdquo;).&nbsp; All &nbsp;investors who &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/05\/06\/groupon-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-northern\/\">Continue reading <span>Groupon, Inc. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of Illinois against Groupon, Inc.<\/span><\/a> <a href=\"http:\/\/ipsnews.net\/business\/2020\/05\/06\/groupon-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-reminds-investors-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-nort\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12,22,54],"tags":[],"class_list":["post-9435","post","type-post","status-publish","format-standard","hentry","category-english","category-legal-newswire","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Groupon, Inc. 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CLASS ACTION Alert: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of Illinois against Groupon, Inc. - Business","og_description":"NEW YORK,&nbsp;Wolf Haldenstein Adler Freeman&nbsp;&amp; Herz LLP&nbsp;&nbsp;announces that a class action lawsuit has been filed against Groupon, Inc. (&ldquo;Groupon&rdquo; or the &ldquo;Company&rdquo;) (NASDAQ:&nbsp;GRPN) in&nbsp;the United States&nbsp;District Court for the Northern District of&nbsp;Illinois&nbsp;on behalf of those who purchased or acquired the securities of Groupon between&nbsp;November 4, 2019&nbsp;and&nbsp;February 18, 2020,&nbsp; inclusive (the &ldquo;Class Period&rdquo;).&nbsp; All &nbsp;investors who &hellip; Continue reading Groupon, Inc. CLASS ACTION Alert: Wolf Haldenstein Adler Freeman &amp; Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of Illinois against Groupon, Inc. 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