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Rahal et al v. Groupon, Inc. et al

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Case Number:

1:20-cv-02581

Court:

Illinois Northern

Nature of Suit:

850(Securities/Commodities)

Multi Party Litigation:

Class Action

Judge:

Honorable Matthew F. Kennelly

Firms

Companies

Groupon Inc.

Sectors & Industries:

Services
- Discount, Variety Stores

May 10, 2023
Groupon Investors Detail Settlement, Fees in Chancery Filing

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
Settlement Reached In Groupon Investor Chancery Suit

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
Attorneys In Groupon Settlement Secure $4.5M In Fees

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 To Pay $13.5M To End Investors' Hidden Losses Suit

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
Groupon Investor Says Director Lies Led To Securities Suit

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
Groupon Beats Investor Suit Claiming It Hid Losses, For Now

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
Investor Class Action Claims Groupon Hid Sales Losses

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.