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.
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.
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FARUQI & FARUQI, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. [email protected] Francis McConville, Esq. [email protected] Telephone: (877) 247-4292 or (212) 983-9330