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YELP.US
id: 328
N.D. California
Court
10 Feb 2017
Class period Start
09 May 2017
Class period End
27 Dec 2022
Claim 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.
Case Status
Accepting Late Claims
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Plaintiffs
Jonathan Davis
Attorneys
Glancy Prongay & Murray LLP (Los Angeles) Holzer & Holzer, LLC
Judge
Hon. Edward M. Chen
Administrator
JND Legal Administration
Court hearing date
19 January 2023
Trades matching type
FIFO
+$22,250,000
Cash Settlement Amount

Yelp Inc

Yelp Inc. operates a platform that connects consumers with local businesses in the United States and internationally. The company's platform covers various categories, including restaurants, shoppi...

    Ticker
    YELP.US
    ISIN
    US9858171054
    CIK
    1345016
    Sector
    Communication Services
    Industry
    Internet Content & Information
    Country
    USA
    Address
    350 Mission Street, San Francisco, CA, United States, 94105