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Groupon Settles Coupon Expiry Lawsuits For $8.5 Million

     
5:53 pm on Apr 3, 2012 (gmt 0)

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Groupon Settles Coupon Expiry Lawsuits For $8.5 Million [reuters.com]
Groupon Inc, which runs the world's largest online coupon site, has agreed to an $8.5 million settlement of nationwide litigation alleging the expiration dates on its coupons are illegal.

The settlement resolves 17 lawsuits that had been combined in a federal court in San Diego and which accused the Chicago-based company and retailers it works with of violating federal and state consumer protection laws.

4:51 pm on Apr 4, 2012 (gmt 0)

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In the lawsuits, the plaintiffs said Groupon violated laws such as the federal Credit Card Accountability Responsibility and Disclosure Act, which prohibits the sale of gift cards that expire in fewer than five years.


Holy crapola . . . that's their whole business model, didn't anyone chase that one down before building the business plan? If they change that, what are they? Wow.