DALLAS, April 9, 2012 /PRNewswire/ -- Goldfarb LLP is investigating whether the board of directors of Groupon, Inc. (NASDAQ: GRPN) violated shareholder protection laws by revising its fourth quarter financial results, indicating a material weakness in internal controls over its financial statement close process. Concerned Groupon investors are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or [email protected] about their rights and remedies.
"Groupon issued a press release revising its fourth quarter financial results for the fiscal year ending on December 31, 2011, and those revisions have resulted in decreases in revenue, operating income, net income and earnings per share," securities lawyer Hamilton Lindley said. "Groupon's stock has fallen approximately 20% due to inadequate managerial practices. Our proposed lawsuit seeks to ensure that strong controls are placed to correct improper behavior and to preserve the company's value for shareholders."
Goldfarb LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Groupon, Inc. shareholders – or anyone with knowledge about this situation – should contact lawyer Hamilton Lindley at [email protected] or 877-583-2855.
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SOURCE Goldfarb LLP