GlobeNewswire Inc | Aug 15, 2021 08:00AM EDT

August 15, 2021

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 newaction@pomlaw.com 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.

[Click here for information about joining the class action]

On August 9, 2021, media outlets reported that, following an investigation launched in April of 2021, the United Kingdoms 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 UKs practices were potentially in violation of consumer protection law as well as certain formal commitments that it had made to the CMAs predecessor, the Office of Fair Trading, in 2012.

On this news, Groupons 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.

CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 7980