Loose Lips Could Land Groupon In Hot Water With SEC

Law360, New York (August 29, 2011, 7:24 PM EDT) -- A recently leaked Groupon Inc. internal email is threatening to draw the ire of the U.S. Securities and Exchange Commission, which could delay the company's hotly anticipated $750 million initial public offering and provide investors a hammer should the stock sink, attorneys say.

In an email to employees, Groupon CEO Andrew Mason touted the company's performance and blasted its critics who had called into question its business model that offers steep discounts at local businesses to its online subscribers, which now number over 100 million in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.