Case Page

 

Case Status:    ONGOING    
On or around 08/02/2018 (Ongoing date of last review)

Filing Date: January 18, 2018

According to the Complaint, Yelp is an online review company that seeks to provide a platform for businesses and
consumers to interact regarding goods and services. Yelp provides business with both free and paid services and derives most of its revenue though the sale of advertising products.

According to the law firm press release, the Complaint alleges that Defendants 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.

On April 27, 2018, the Court issued an Order appointing Interim Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on June 25.

COMPANY INFORMATION:

Sector: Services
Industry: Personal Services
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: YELP
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. California
DOCKET #: 18-CV-00400
JUDGE: Hon. Edward M. Chen
DATE FILED: 01/18/2018
CLASS PERIOD START: 02/10/2017
CLASS PERIOD END: 05/09/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  2. Holzer & Holzer, LLC
    1117 Perimeter Center West, Suite E-107, Holzer & Holzer, LLC, GA 30338
    770.392.0090 770.392-0029 · mfistel@holzerlaw.com
No Document Title Filing Date
COURT: N.D. California
DOCKET #: 18-CV-00400
JUDGE: Hon. Edward M. Chen
DATE FILED: 06/25/2018
CLASS PERIOD START: 02/10/2017
CLASS PERIOD END: 05/09/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
    1925 Century Park East, Suite 2100 , Glancy Prongay & Murray LLP, CA 90067
    (310) 201-9150 (310) 432-1495 ·
  2. Holzer & Holzer, LLC
    1117 Perimeter Center West, Suite E-107, Holzer & Holzer, LLC, GA 30338
    770.392.0090 770.392-0029 · mfistel@holzerlaw.com
No Document Title Filing Date
—Related District Court Filings Data is not available