SOURCE: Kahn Swick & Foti, LLC

April 03, 2012 23:10 ET

INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC, Remind Investors With Large Financial Interests of Important Deadline in Class Action Lawsuit Against Groupon, Inc. - GRPN

NEW ORLEANS, LA--(Marketwire - Apr 3, 2012) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 4, 2012 to file lead plaintiff applications in a securities class action lawsuit against Groupon, Inc. ("Groupon" or "the Company") (NASDAQ: GRPN), if they purchased the Company's common stock between November 4, 2011 and March 30, 2012, inclusive (the "Class Period"). The action is pending in the United States District Court for the Northern District of Illinois.

What You May Do

If you purchased shares of Groupon and would like to discuss your legal rights and how this case might affect you and your right to recover economic losses, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (, toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (, toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff, you must apply to the Court by June 4, 2012.

About the Lawsuit

Groupon and certain of its senior executives are charged with issuing materially false and misleading statements, during the Class Period -- including a false prospectus in connection with its 2011 IPO -- in violation of federal securities laws.

On March 30, 2012, after the market closed, Groupon revealed that it would be forced to restate its results for the fourth quarter of 2011 -- the same quarter in which Groupon conducted its Initial Public Offering. At the same time, Groupon's outside auditors also reported that Groupon had a material weakness in its financial reporting. On this news, shares of Groupon declined over $3.00 per share, the following trading day.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit

Contact Information

  • Contact:

    Kahn Swick & Foti, LLC
    Lewis Kahn, Managing Partner, 877-515-1850
    or after hours via cell phone 504-301-7900
    206 Covington St.
    Madisonville, LA 70447