UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
| ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ In re GROUPON, INC. SECURITIES LITIGATION ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ This Document Relates To: ALL ACTIONS ‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑‑ | x x | Master File No. 12-CV-2450 CLASS ACTION Hon. Charles R. Norgle Hon. Mary M. Rowland |
NOTICE OF VOLUNTARY DISMISSAL OF UNDERWRITER DEFENDANTS
To: ALL PERSONS OR ENTITIES WHO PURCHASED OR ACQUIRED SHARES OF GROUPON, INC. (“GROUPON”) CLASS A COMMON STOCK IN OR TRACEABLE TO GROUPON'S INITIAL PUBLIC OFFERING (“IPO”) BETWEEN NOVEMBER 4, 2011 AND MARCH 30, 2012, BOTH DATES INCLUSIVE (“THE CLASS PERIOD”) AND WERE DAMAGED THEREBY.
Excluded from the Class are (1) Defendants and their immediate families; (2) any entity in which Defendants have or had a controlling interest; (3) Officers and Directors of Groupon, Inc.; and (4) the legal representatives, heirs, successors, or assigns of any excluded party.
PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. YOUR RIGHTS MAY BE AFFECTED BY PROCEEDINGS IN THIS ACTION.
NEW YORK, Sept. 18, 2015 (GLOBE NEWSWIRE) -- Notice is hereby given to the Class certified by Order of the United States District Court for the Northern District of Illinois (the “Court”) on September 23, 2014, that pursuant to agreed motion, the Court has dismissed without prejudice the claims previously alleged in this Action against Defendants Morgan Stanley & Co. LLC, Goldman, Sachs & Co., and Credit Suisse Securities (USA) LLC (collectively, “the Underwriter Defendants”). This Action will continue against Defendants Groupon, Inc., Kevin Efrusy, Theodore J. Leonsis, Howard Schultz, Jason Child, Joseph M. Del Preto, Eric P. Lefkofsky, and Andrew D. Mason (collectively, “the Groupon Defendants”). No claims against the Groupon Defendants are affected by this dismissal. The reasons for the dismissal are described in the agreed motion to voluntarily dismiss, a copy of which is available on the class notice website, www.grouponsecuritieslitigation.com.
Class members are not bound by this dismissal because it is without prejudice. However, claims against the Underwriter Defendants will no longer be part of this Action and will not be pursued by Class Counsel. The Underwriter Defendants maintain and reserve all their rights and defenses.
Inquiries regarding this notice may be made to Class Counsel:
Joshua B. Silverman, Esq.
Pomerantz LLP
Ten South La Salle Street
Suite 3505
Chicago, Illinois 60302
Telephone: 312-377-1181
http://www.pomerantzlaw.com
INQUIRIES SHOULD NOT BE DIRECTED TO THE COURT, THE
CLERK’S OFFICE, THE DEFENDANTS, OR DEFENDANTS’ COUNSEL.
Dated: September 18, 2015
By Order of the Court
United States District Court
Northern District of Illinois
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, 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 70 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