NEW YORK, Feb. 8, 2013 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of investors who purchased Groupon, Inc. ("Groupon" or the "Company") (NasdaqGS: GRPN) stock between May 14, 2012 and November 8, 2012 (the "Class Period").
For more information, click here: http://zlk.9nl.com/groupon/.
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business and prospects which resulted in the Company's stock trading at artificially inflated prices. In particular it is alleged that Groupon misrepresented or failed to disclose that: (a) an increasing share of the Company's revenue growth was being derived from its non-core, lower-margin Groupon Goods business; (b) the Company's business growth was less robust than represented; and (c) the Company's revenue mix was shifting in a manner which would likely lead to lower margins.
If you suffered a loss in Groupon you have until February 19, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/groupon/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP