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Levi & Korsinsky, LLP Launches Investigation Into Possible Securities Laws Violations by Groupon, Inc.


Monday, 2 Apr 2012 04:03pm EDT 

Levi & Korsinsky announced that it is investigating potential claims on behalf of purchasers of Groupon, Inc. (“Groupon” or the “Company”) securities concerning possible violations of federal securities laws. The investigation stems from weaknesses within the company’s reported revenue and earnings. On March 30, 2012, Groupon announced a restatement of its financial results for the fourth quarter and year ended December 31, 2011. According to a Company press release, Groupon’s auditor found a material weakness in its internal controls over its financial statement close process in its Annual Report on Form 10-K for year ended December 31, 2011. 

Company Quote

7.73
0.05 +0.65%
19 Jun 2013