NEW YORK, Sept. 29, 2014 /PRNewswire/ -- Levi &
Korsinsky announces that a class action lawsuit has been commenced
in the United States District Court for the Northern District of
California on behalf of investors
who purchased Yelp Inc. ("Yelp" or the "Company") (NYSE: YELP)
securities between October 29, 2013
and April 3, 2014.
For more information, click here:
http://zlk.9nl.com/yelp-yelp.
The complaint alleges that Yelp made materially false and
misleading statements regarding: (a) the true nature of its
'firsthand' experience and reviews appearing on its website; (b)
the robustness of its processes and algorithms purportedly designed
to screen unreliable reviews; and (c) the Company's forecasted
financial growth prospects and the extent to which they were
reliant upon undisclosed business practices, including requiring
business customers to pay to suppress negative reviews.
If you suffered a loss in Yelp you have until October 6, 2014 to request that the Court appoint
you as lead plaintiff. Your ability to share in any recovery
doesn't require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E.
Levi, Esq. either via email at jlevi@zlk.com or by telephone
at (212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/yelp-yelp.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut, and Washington D.C. The
firm's 26 attorneys have extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky, LLP