San Diego, CA -- (SBWIRE) -- 08/19/2016 -- A deadline is coming up on August 26, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Groupon Inc's (NASDAQ:GRPN) Initial Public Offering (IPO) between November 4, 2011 and March 30, 2012 AND all such persons or entities who purchased or acquired shares of Groupon Inc (NASDAQ:GRPN) common stock between February 9, 2012 and March 30, 2012.

Investors who purchased a significant amount of shares of Groupon Inc's (NASDAQ:GRPN) Initial Public Offering (IPO) between November 4, 2011 and March 30, 2012 AND all such persons or entities who purchased or acquired shares of Groupon Inc (NASDAQ:GRPN) common stock between February 9, 2012 and March 30, 2012, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Groupon Inc (NASDAQ:GRPN) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/groupon-inc-nasdaq-grpn-investor-securities-class-action-lawsuit-04032012

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is August 26, 2016. The class action administrator for this case is KCC Class Action Services.

The lawsuit was originally filed in the U.S. District Court for the Northern District of Illinois against Groupon Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 4, 2011 and March 30, 2012.

According to the complaint the plaintiff alleges on behalf of all persons who purchased or otherwise acquired the common stock of Groupon Inc between November 4, 2011 and March 30, 2012, and/or who acquired shares of Groupon Inc common stock pursuant or traceable to its Registration Statement and Prospectus issued in connection with its November 4, 2011 initial public offering ("IPO"), that Groupon Inc and certain of its officers and directors violated the Securities Act of 1933 and the Securities Exchange Act of 1934. Specifically, the plaintiff alleges, that between November 4, 2011 and March 30, 2012 defendants issued allegedly materially false and misleading statements regarding Groupon Inc's business practices and financial result and/or defendants allegedly failed to disclose negative trends in Groupon Inc's business and made false statements as to Groupon Inc's financial results.

On November 3, 2011, Groupon Inc announced the pricing of its IPO of 35 million shares of common stock at $20 per share.

The plaintiff alleges that as part of the Prospectus and Registration Statement issued in connection with the November 4, 2011 IPO and November 4, 2011 and March 30, 2012, defendants represented that Groupon Inc had competitive advantages which would benefit its business and reported financial results which showed dramatic growth.

Those who purchased shares of Groupon Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com