The Law Offices of Frank R. Cruz Announces Investigation on Behalf of Groupon Inc. Investors (GRPN)
February 19 2020 - 1:23PM
Business Wire
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.
If you are a shareholder who suffered a loss, click here to
participate.
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
info@frankcruzlaw.com, 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.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200219005830/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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