Published on August 31, 2011 | by LawNews
Prof. Ronald Colombo Comments on Leaked Groupon Email and the SEC
Loose Lips Could Land Groupon In Hot Water With SEC
By Evan Weinberger
August 29, 2011
Given that risk, Groupon may want to hold off on the IPO for a little while so that it can say any harm potentially created by the leaked email is cured, Colombo said.
But any delay, no matter how short, could mean serious money for Groupon and its shareholders, Colombo said.
“Money that Groupon hoped it would have in its bank account one month might come a full month later,” he said.
Read the full article at law360.com.