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GRPN.US
id: 307
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
N.D. Illinois
Court
1:20-cv-02581
Case number
30 Jul 2019
Class period Start
18 Feb 2020
Class period End
01 Dec 2022
Claim deadline
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.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Fadi E. Rahal
Attorneys
Glancy Prongay & Murray LLP (Los Angeles) Kirby McInerney LLP (New York) Pomerantz Haudek Block Grossman & Gross LLP (Chicago)
Judge
Hon. Matthew F. Kennelly
Administrator
EPIQ
Court hearing date
13 October 2022
Trades matching type
FIFO
+$13,500,000
Total Settlement Amount

Groupon Inc

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 ...

    Ticker
    GRPN.US
    ISIN
    US3994732069
    CIK
    1490281
    Sector
    Communication Services
    Industry
    Internet Content & Information
    Country
    USA
    Address
    35 West Wacker Drive, Chicago, IL, United States, 60601