19 Apr, 2012, 06:45 ET
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).
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
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 [email protected] or [email protected]. 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.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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