Pittsburgh Law Office of Alfred G. Yates Jr., P.C. Files Class
Action Lawsuit On Behalf of Shareholders of Groupon (GRPN) and
Announces Investigations of Diodes (DIOD), Hemispherex Biopharma
(HEB), ISIS Pharmaceuticals (ISIS), K-Swiss (KSWS), MAP
Pharmaceuticals (MAPP), Neptune Technologies & Bioressources
(NEPT), SeaCube Container Leasing (BOX), Spirit AeroSystems
Holdings (SPR), Verisign (VRSN), and Yum! Brands (YUM)
PITTSBURGH, Jan. 23, 2013 /PRNewswire/ -- Notice is
hereby given by the Law Office of Alfred G.
Yates Jr., P.C. that it has filed a class United States
District Court for the Northern District of Illinois on behalf of purchasers of Groupon,
Inc. ("Groupon") (NASDAQ: GRPN) common stock during the period
between May 14, 2012 and November 8, 2012 (the "Class
Period").
If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact
plaintiff's counsel, Alfred G. Yates
Jr., at 1-800-391-5164, toll free, or at yateslaw@aol.com by
e-mail. Please visit http://yatesclassactionlaw.com. Any member of
the putative class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member. If you wish to serve as lead
plaintiff, you must move the Court no later than February 19, 2013.
The complaint alleges defendants issued materially false and
misleading statements regarding Groupon's business which led to an
inflated stock price during the Class Period, reaching a high of
$13.05 per share on May 16, 2012.
On November 8, 2012, Groupon
issued a press release announcing its third quarter 2012 earnings
results, reporting disappointing revenue results for the third
quarter and lowered revenue guidance for the fourth quarter of 2012
below analysts' expectations.
As a result of this news, Groupon stock dropped $1.16 per share to close at $2.76 per share on November 9, 2012, a one-day decline of nearly 30%
and a decline of 78% from the stock's Class Period high.
Plaintiff seeks to recover damages on behalf of all purchasers
of Groupon common stock during the Class Period (the "Class").
The firm is also investigating actions on behalf of shareholders
for the following companies: Diodes Inc. (Nasdaq: DIOD),
Hemispherex Biopharma, Inc. (NYSE: HEB), ISIS Pharmaceuticals, Inc.
(Nasdaq: ISIS), K-Swiss Inc. (Nasdaq: KSWS), MAP
Pharmaceuticals, Inc. (Nasdaq: MAPP), Neptune Technologies &
Bioressources Inc. (Nasdaq: NEPT), SeaCube Container Leasing Ltd.
(NYSE: BOX), Spirit AeroSystems Holdings Inc. (NYSE: SPR),
Verisign, Inc. (Nasdaq: VRSN), and Yum! Brands, Inc. (NYSE:
YUM).
If you are a shareholder of any of the above companies and wish
learn more about any of the investigations or have any questions,
please contact Alfred G. Yates Jr.,
Esquire at 1-800-391-5164, toll free, or at yateslaw@aol.com
by e-mail.
Contact:
Alfred G. Yates, Jr.
(412) 391-5164 or Toll Free:
1(800) 391-5164, fax (412) 471-1033
website: http://yatesclassactionlaw.com
email: yateslaw@aol.com
SOURCE Alfred Yates, Esq.