SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In Yelp, Inc. To C...
September 17 2014 - 2:04PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that a class action lawsuit has
been commenced in the United States District Court for the Northern
District of California on behalf of purchasers of Yelp, Inc.
(“Yelp”) (“Yelp” or the “Company”) (NYSE: YELP) common stock during
the period between October 29, 2013 and April 3, 2014, inclusive
(the “Class Period”).
If you have suffered a loss from investment in Yelp common stock
purchased on or after October 29, 2013 and held through the
revelation of negative information during and/or at the end of the
Class Period, as described below, and would like to learn more
about this lawsuit and your ability to participate as a lead
plaintiff, without cost or obligation to you, please visit our
website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. No class has yet been certified in the above action.
Members of the Class will be represented by the lead plaintiff and
counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than October
6, 2014 and be selected by the Court. The lead plaintiff will
direct the litigation and participate in important decisions
including whether to accept a settlement and how much of a
settlement to accept for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in Company units during the Class
Period.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants’
failure to disclose during the Class Period the true nature of the
so-called “firsthand” experiences and reviews appearing on the
Company’s website, the robustness of its processes and algorithms
purportedly designed to screen unreliable reviews, and the extent
to which the Company’s forecasted financial growth prospects were
reliant upon undisclosed business practices, including, but not
limited to, requiring business customers to pay to suppress
negative reviews.
According to the complaint, following revelations of the
Company’s business practices through a series of articles and
disclosures beginning on March 31, 2014, the value of Yelp shares
declined significantly.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you
choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be
a member of the class.
Brower Piven, A Professional Corporation1925 Old Valley
RoadStevenson, Maryland 21153Charles J. Piven,
410-415-6616hoffman@browerpiven.com
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