id: 328, Created by Stan Vick, Scout
How it works?
- Company agreed to settle with investors to avoid further litigation
- We prepare documents and claim payout for you
Claim deadline for this case already passed by, but we can still try and file for compensation for you
10 Feb 2017Class period Start
09 May 2017Class period End
27 Dec 2022Claim deadline
Jonathan Davis, et al. v. Yelp, Inc., et al.
Yelp agreed to pay $22.25 million to settle a securities class action lawsuit accusing the Company and its Leaders of multiple suspected felonies.
The complaint alleged that the Company 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's CEO 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.
Yelp agreed to settle with investors to avoid further litigation.
Glancy Prongay & Murray LLP (Los Angeles) Holzer & Holzer, LLC
Hon. Edward M. Chen
JND Legal Administration
Court hearing date
19 January 2023
+$22,250,000Total Settlement Amount