Gilman Law LLP, a national securities law firm with over 33 years of experience in complex securities litigation, announces a lawsuit concerning possible violations of the federal securities laws by Groupon, Inc. (NASDAQ:GRPN) regarding whether Groupon may have issued materially false and/or misleading information to investors, including in connection with its initial public offering (IPO) of shares to the public on November 4, 2011.
The investigation arises from the Company’s announcement that it is revising its reported financial results for the fourth quarter and year ended December 31, 2011. Groupon announced that the Company’s fourth quarter revenue was being reduced by $14.3 million, its fourth quarter operating income reduced by $30 million, its net income reduced by $22.6 million, and its earnings per share reduced by $0.04 per share and from a statement of “material weakness” regarding Groupon’s (NASDAQ:GRPN) internal financial controls issued by the Company’s auditor, Ernst & Young LLP.
How To Join The Groupon Lawsuit
If you purchased Groupon, Inc. (NASDAQ:GRPN) shares between the offering date (IPO date) of November 4, 2011 and March 31, 2012 and would like to learn more about joining this lawsuit, you may contact the Gilman National Securities Law Firm toll free at (888) 252-0048 so that our experienced securities law attorneys can attempt to answer your questions with no charge or obligation to you. You may also contact Gilman Law LLP by email at firstname.lastname@example.org, or by clicking the following link to submit a request for a Free Groupon Lawsuit Consultation.