Groupon Releases Details Of SEC Probe Into Earnings Gaffe

Law360, New York (November 2, 2012, 10:23 PM EDT) -- Groupon Inc. on Friday revealed some details about federal regulators’ August inquiry into its now-infamous restated earnings for the fourth quarter of 2011 and its response that indicated it has disclosed additional information on things like funds set aside for refunds.

Groupon has turned over more information on certain areas the U.S. Securities and Exchange Commission had asked about, including its refund model and how much of its refund reserves were set aside for new channels, Groupon Chief Financial Officer Jason Child said in an Aug....
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