Public

Fadi E. Rahal, et al. v. Groupon, Inc., et al.

Groupon agreed to pay $13,5 million to settle with Investors.

The original complaint alleged that during the period from 07/30/2019 to 02/18/2020 Groupon and its Leaders failed to disclose to investors:

that the Company was experiencing fewer customer engagements in its Goods category; 

that Groupon relied on its Goods category to drive its sales, especially during the holiday season; 

the Company was likely to experience reduced sales; 

As a result of Groupon making positive statements about the Company’s operations and prospects was artificially inflating the stock price. 

Groupon Inc

Disbursement

Other

Stocks

Long

Groupon, Inc., together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites. The company was formerly known as ThePoint.com, Inc. and changed its name to Groupon, Inc. in October 2008. Groupon, Inc. was incorporated in 2008 and is headquartered in Chicago, Illinois.