Groupon, Inc. (GRPN)
Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Groupon, Inc. (GRPN)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Groupon, Inc. ("Groupon" or the "Company") (NASDAQ: GRPN). The investigation concerns whether Groupon and certain of its officers and/or directors have violated federal securities laws.
On February 18, 2020, Groupon announced its fourth quarter 2019 sales of $612.3 million, roughly a 23% drop over the past year. The company also adjusted EBITDA for the 2019 fiscal year of $227.2 million, well below its November 2019 estimated financial projection of $270 million. Following this news, Groupon stock dropped $1.21 per share, or over 39%, during intraday trading on February 19, 2020.
If you are aware of any facts relating to this investigation, or purchased Groupon shares, you can learn more about the investigation by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.