July 13, 2016
An Illinois federal judge gave the go-ahead Wednesday to a $45 million settlement between Groupon Inc. and a class of shareholders who claim the online coupon company misled them in the prospectus and registration statement it released ahead of its initial public offering in 2011.
February 12, 2016
Investors who sued Groupon in Illinois federal court for allegedly inflating the price of its 2011 initial public offering have reached a proposed $45 million settlement with the online deals site, their attorneys announced Friday.
December 09, 2015
Groupon said Tuesday that investors claiming fraud in its initial public offering are picking "a fight over nothing" with a discovery motion in Illinois federal court, even as the investors continued to insist that the e-commerce company is being cagey about its plans to call potential expert witnesses.
September 01, 2015
A certified class of Groupon Inc. shareholders suing the company over its 2011 initial public offering said in Illinois federal court Tuesday it is dropping remaining claims against three underwriters following discovery in efforts to streamline their case.
April 13, 2015
Groupon Inc. on Friday blasted a certified class of shareholder plaintiffs suing the company over its 2011 initial public offering, saying they misconstrued last year's U.S. Supreme Court decision known as Halliburton when arguing their expert witness correctly gauged the market's efficiency around the time of Groupon's IPO.
September 20, 2013
An Illinois federal judge on Thursday refused to set Groupon Inc. free from consolidated shareholder litigation over a high-profile accounting error that sent the company's stock prices plummeting, saying investors had presented enough evidence to send the case into discovery.
April 04, 2012
One day after a second high-profile accounting error sent Groupon Inc.'s stock prices plummeting, the coupon retailer was hit with its first putative shareholder class action in Illinois federal court Tuesday over the error and related misstatements.