On April 28, 2021, on behalf of Groupon, Inc., former CEO Rich Williams and current CFO Melissa Thomas, Skadden secured a dismissal of a proposed class action under Section 10(b) of the Securities Exchange Act over allegedly misleading investor communications. Judge Matthew Kennelly of the U.S. District Court for the Northern District of Illinois dismissed the complaint without prejudice, holding that the plaintiff engaged in improper “puzzle-pleading,” by simply block-quoting lengthy passages from Groupon’s investor communications without identifying which particular statements he contended were false.
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates