Cases
Yelp, Inc. (YELP)
Securities Class Action
Overview
Overview
- Date:
- 1/19/2018
- Company Name:
- Yelp, Inc.
- Stock Symbol:
- YELP
- Class Period:
- FROM 2/10/2017 TO 5/9/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Northern California
NEW YORK, January 19, 2018 – Bragar Eagel & Squire, P.C. reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Yelp, Inc. (NYSE: YELP) securities between February 10, 2017 and May 9, 2017 (the “Class Period”). Investors have until March 19, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that defendants misled Yelp investors regarding the retention rates for existing customers, and revenues and growth rates for the Company’s new customers. It further alleges that Yelp CEO Jeremy Stoppelman personally benefited from withholding such information by selling millions of dollars’ worth of Yelp shares while allegedly in possession of material nonpublic information regarding the Company’s poor financial results.
If you purchased or otherwise acquired Yelp securities and suffered a loss, continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that defendants misled Yelp investors regarding the retention rates for existing customers, and revenues and growth rates for the Company’s new customers. It further alleges that Yelp CEO Jeremy Stoppelman personally benefited from withholding such information by selling millions of dollars’ worth of Yelp shares while allegedly in possession of material nonpublic information regarding the Company’s poor financial results.
If you purchased or otherwise acquired Yelp securities and suffered a loss, continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.