J. Caleb Boggs Federal Courthouse in Wilmington, Delaware. Photo: Diego M. Radzinschi/ALM Shareholder Claims Groupon Directors Knew of Financial Failings Before Disclosure
The plaintiff claims documents obtained with a Section 220 demand revealed Chicago-based Groupon had "startling nonpublic information" that differed from its financial reporting in 2019 and 2020 and contradicted public statements.
October 07, 2021 at 04:46 PM
2 minute read
Securities & Federal Corporate Law
A derivative suit has been filed in the District of Delaware against Groupon Inc., which a shareholder claims owed investors information about declining profits well before it was disclosed.
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