ATTENTION YELP SHAREHOLDERS: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Yelp, Inc.
April 30 2014 - 5:06PM
Business Wire
Shareholder Rights Law Firm Johnson & Weaver, LLP is
investigating potential violations of the federal securities laws
by Yelp, Inc. (NASDAQ: YELP) and certain of its officers. Yelp
operates as an online local guide that connects people primarily
with boutiques, mechanics, restaurants, and dentists. The Company
states that reviews of these businesses that appear on its website
are written by people using Yelp to share their everyday local
business experiences, giving voice to consumers and bringing “word
of mouth” online.
Johnson & Weaver’s investigation seeks to determine whether
certain statements regarding the Company’s business practices,
prospects, and financial condition were false and misleading when
made. Specifically, the investigation focuses on statements
regarding, among other things, the true nature of the reviews
appearing on the Company’s web site, the reliability of the
Company’s processes and algorithms in screening potentially
unreliable reviews, and certain undisclosed business practices
including requiring business customers to pay in order to suppress
negative reviews.
Since early March 2014, Yelp stock has fallen from a high of
$101.75 per share to $54.72 in mid-day trading on April 30,
2014.
If you are a Yelp shareholder and are interested in learning
more about the investigation or your legal rights and remedies,
please contact Jim Baker (jimb@johnsonandweaver.com)
at 619-814-4471. If you email, please include your phone
number.
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California and New York. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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