A Deadline is coming up on February 19, 2013 in the lawsuit for investors in Groupon Inc (NASDAQ:GRPN) and NASDAQ:GRPN stockholders should contact the Shareholders Foundation at email@example.com
San Diego, CA -- (SBWIRE) -- 02/18/2013 -- A deadline is coming up on February 19, 2013 in the lawsuit filed for investors of Groupon Inc (NASDAQ:GRPN) over alleged securities laws violations in connection with certain allegedly false and misleading statements made by Groupon Inc
Investors with a substantial investment in Groupon Inc (NASDAQ:GRPN) shares between May 14, 2012 and November 8, 2012,, should get active before the Deadline that is coming up on February 19, 2013, and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Northern District of Illinois the plaintiff alleges on behalf of purchasers of Groupon Inc (NASDAQ:GRPN) common stock during the period between May 14, 2012 and November 8, 2012, that Groupon Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing allegedly materially false and misleading statements regarding the Company’s business and prospects.
On Nov. 8, 2012, Groupon Inc (NASDAQ:GRPN) reported its third quarter 2012 results. Among other things, Groupon Inc reported that its third quarter Revenue rose from $430.16 million in 2011 to $568.55 million in 2012 and its third quarter Net Loss declined from $10.57 million in 2011 to $1.65 million in 2012.
Shares of Groupon Inc (NASDAQ:GRPN) declined from as high as $13.05 per share in May 2012 to as low as $2.63 per share on Nov. 13, 2012.
On February 6, 2013, NASDAQ: GRPN shares closed at $5.40 per share, which is significantly below its current 52 week High of 25.84 per share.
Those who purchased a significant amount of shares of Groupon Inc (NASDAQ:GRPN) between May 14, 2012 and November 8, 2012, have certain options and there are short and strict deadlines running. Deadline: February 19, 2013. NASDAQ:GRPN investors with a substantial investment within the time frame should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego