23 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||Yelp Inc|
|Stock Symbol :||NYSE: YELP|
|Class Period Start:||02/10/2017|
|Class Period End:||05/09/2017|
|Lead Plaintiff motion:||03/19/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Northern District of California|
Thieler Law Corp advises investors with losses exceeding $100,000 of the March 19, 2018 lead plaintiff deadline in a class action lawsuit filed against Yelp Inc (NYSE: YELP) (“Yelp” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Yelp Inc securities between February 10, 2017 and May 9, 2017, have until March 19, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
If you purchased Yelp Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing firstname.lastname@example.org . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.
The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly misled Yelp investors regarding the retention rates for existing customers, as well as revenues and growth rates for the Company’s new customers. And, furthermore that Yelp CEO Jeremy Stoppelman personally benefited from withholding such information by selling over $25,000,000 worth of Yelp shares (approximately 20% of his Yelp holdings) while allegedly in possession of material nonpublic information regarding Yelp’s poor financial results.
On May 9, 2017, the Company revealed its first quarter 2017 results, which included revenue below analyst expectations, prompting the Company to reduce its revenue outlook for the year.
Following this news, Yelp’s stock price dropped sharply.
If you were negatively impacted by your investment in Yelp Inc securities between February 10, 2017 and May 9, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.
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Thieler Law Corp
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