| COMPANY |
Yelp Inc. |
| COURT |
United States District Court for the Northern District of California |
| CASE NUMBER |
18-cv-00400 |
| JUDGE |
The Honorable Edward M. Chen |
| CLASS PERIOD |
February 10, 2017 - May 9, 2017 |
| SECURITY TYPE |
Common Stock |
Case Background:
On January 18, 2018, the initial complaint in this securities class action was filed against Yelp, Inc. (“Yelp”), and certain of Yelp’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act.
The complaint alleges that, throughout the Class Period, Defendants made misrepresentations and omissions in connection with Yelp’s local advertising business on February 9, 2017, during a conference call with investors, again on February 14, 2017, at a Goldman Sachs Technology conference, and finally on March 1, 2017, at a Morgan Stanley Technology Media and Telecom Conference, thereby injuring investors.
Current Status of Case:
On October 22, 2019, the Court certified the Class as to all individuals and entities who purchased or otherwise acquired shares of Yelp common stock between February 10, 2017 and May 9, 2017. On January 27, 2023, the Court granted final approval of the Settlement of this action. This action has concluded.
The deadline to file a claim is December 27, 2022. If you have any questions or need further information about this settlement, you may go to the following website, www.yelpsecuritieslitigation.com, or you can contact the claims administrator, JND Legal Administration at 1-888-964-0696.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.