Daily deal providers like Groupon and LivingSocial may be violating several key aspects of consumer protection law. I've been looking into issues like gift cards, bankruptcy, sales tax, and alcohol regulations. These might all sound esoteric and not really worthy of discussion, but the outcomes can significantly affect the value proposition to the consumer, merchant and the deal provider. For investors in the daily deal companies, these can affect stock performance as well as legal liability. I had a conversation with Ben Edelman, an assistant professor at Harvard Business School, about some of these issues. Ben and Paul Kominers of MIT published a paper today on "Consumer Protection in Online Discount Voucher Sales ". Because daily deal vouchers are new, in some cases the specific handling is unclear. In others, the law is clear cut.
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