US court approves Groupon's US$45m securities settlement

San Francisco

GROUPON Inc has won final court approval of a US$45 million settlement with investors who claimed the company misrepresented its financial results ahead of its 2011 initial public offering.

The class of investors who bought shares from the Nov 4, 2011 sale until March 30, 2012, won about one-third of the US$130 million relief sought through litigation, according to the settlement filed in Chicago federal court.