Groupon, Inc. Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against Groupon, Inc. (“Groupon” or the “Company”) (NASDAQ: GRPN). This investigation concerns whether Groupon has violated federal securities laws and/or engaged in other unlawful business practices.
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 to $227.2 million, well below its November 2019 estimated financial projection of $270 million.
On this news, Groupon’s stock price fell $1.35 per share, or 44.3%, to close at $1.70 on February 19, 2020.
If you acquired Groupon securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.