NEW YORK, Aug. 15, 2021 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Groupon, Inc. (“Groupon” or the “Company”) (NASDAQ: GRPN). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 7980.
The investigation concerns whether Groupon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 9, 2021, media outlets reported that, following an investigation launched in April of 2021, the United Kingdom’s Competition and Markets Authority (“CMA”) had written to Groupon UK and other Groupon entities outlining certain concerns. Specifically, following its investigation, the CMA found evidence that Groupon UK’s practices were potentially in violation of consumer protection law as well as certain formal commitments that it had made to the CMA’s predecessor, the Office of Fair Trading, in 2012.
On this news, Groupon’s stock price fell sharply during intraday trading on August 9, 2021.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.