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Levi & Korsinsky announces that a class action lawsuit has commenced in the Superior Court of California, County of San Francisco and County of Santa Clara on behalf of Coupons.com Incorporated (NYSE: COUP) shareholders who purchased or otherwise acquired shares pursuant and/or traceable to the Company’s Initial Public Offering on March 7, 2014. The complaint alleges that the Company failed to disclose material information regarding Coupons.com’s financial condition at the time of the IPO, including that the significant increase in revenues that Coupons.com reported in the fourth quarter 2013 was primarily the result of holiday coupon campaigns.
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