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ADVERTISEMENT Groupon Beats Investor Suit Claiming It Hid Losses, For Now Law360 (April 29, 2021, 8:34 PM EDT) An Illinois federal judge on Wednesday granted Groupon s motion to dismiss a proposed securities class action it was facing due to its failure to specify misleading statements the e-commerce company allegedly made about its financial health, but allowed the shareholder a chance to amend his complaint. In a 13-page opinion, U.S. District Judge Matthew F. Kennelly ruled that Groupon investor Fadi Rahal s putative class action does not pass muster under the Private Securities Litigation Reform Act. Though Rahal claimed he met the act s requirements and outlined the allegedly misleading statements, even bolding the statements in his complaint, the judge remained unpersuaded.. ....