Groupon Securities Settlement
Kirby McInerney and Co-Lead Counsel Glancy Prongay & Murray LLP announced a proposed $13.5 million classwide settlement on behalf of investors in Groupon Securities. Plaintiffs alleged that Groupon, a marketplace that connects consumers to merchants through mobile applications and websites, made materially false and misleading statements and failed to disclose to investors its financial health before endings its sale of physical goods and announcing the departure of two top executives. On October 28, 2022, the federal district court overseeing the litigation granted final approval to the settlement.
Copies of the Settlement Notice and Proof of Claim Form can be viewed under the Resources section of this page. The Proof of Claim Form must be submitted no later than December 1, 2022. Additional documents, information, and important dates can be found here: https://www.grouponsecuritiessettlement.com.