Thursday, July 21, 2011
A press release reported that Jepsen wanted Groupon to explain the terms under which its discounted gift certificates, called "Groupons," are sold and redeemed by consumers, how much revenue those sales generate in the state and how frequently expiration dates are imposed on Groupons.
"It appears that what Groupon Inc. sells or offers may fall within the definition of a gift certificate under Connecticut law," Jepsen said in a statement.
Connecticut law prohibits gift certificates from coming with expiration dates, the statement said and added that Jepsen may be the first state attorney general to raise concerns about Groupon's expiration date policy.
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