May 10, 2023
Groupon stockholders who launched multiple derivative shareholder suits in Delaware Chancery Court suit asked for settlement approval and $2.5 million in attorneys fees in court filings this week.
March 17, 2023
Groupon Inc. has tentatively agreed to settle a trio of Delaware Court of Chancery derivative suits and a similar federal action targeting inaccurate disclosures about the company's finances in exchange for corporate governance reforms and an award of attorney fees and costs.
October 31, 2022
Lawyers representing a class of Groupon investors will receive $4.5 million in attorney fees from a $13.5 million settlement resolving allegations that Groupon misled investors about its financial health before ending its sale of physical goods and announcing the departure of two top executives.
June 27, 2022
Groupon Inc. has agreed to pay $13.5 million to end a proposed securities class action that alleges it misled investors about its financial health before ending its sale of physical goods and announcing the departure of two top executives, the investor said in Illinois federal court on Monday.
January 24, 2022
A Groupon stockholder launched a derivative shareholder suit in Delaware Chancery Court Monday, claiming the e-commerce company's officers and directors misrepresented its performance and growth prospects, leading to a plunge in stock value and a federal securities class action.
April 29, 2021
An Illinois federal judge on Wednesday granted Groupon's motion to dismiss a proposed securities class action it was facing due to its failure to specify misleading statements the e-commerce company allegedly made about its financial health, but allowed the shareholder a chance to amend his complaint.
April 29, 2020
Investors of e-coupon retailer Groupon filed a proposed securities class action against the company in Illinois district court Tuesday, alleging it misled investors about its financial health before ending its sale of physical goods and announcing the departure of two of its top executives.