LOS ANGELES–(BUSINESS WIRE)–$GRPN #classaction—The Law Offices of Frank R. Cruz announces an investigation on behalf of Groupon Inc.(“Groupon” or the “Company”) (NASDAQ: GRPN) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On February 18, 2020, Groupon reported fourth quarter 2019 sales of $612.3 million, a nearly 23% decline over the prior year period. Groupon also reported adjusted EBITDA for fiscal 2019 of $227.2 million, well below the estimate of $270 million that the Company had provided in November 2019.
On this news, the Company’s share price fell $1.21, or over 39%, during intraday trading on February 19, 2020, thereby injuring investors.
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If you purchased Groupon securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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