|By Marketwired .||
|August 11, 2014 07:00 PM EDT||
NEW YORK, NY--(Marketwired - August 11, 2014) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Yelp, Inc. ("Yelp" or the "Company") (NYSE: YELP) of the October 6, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Yelp and certain executives.
A complaint has been filed in the Northern District of California on behalf of all persons who purchased or otherwise acquired Yelp common stock between October 29, 2013 and April 3, 2014, inclusive (the "Class Period").
The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects.
Specifically, the action alleges that during the Class Period, the defendants made false and misleading statements concerning the following issues: (i) reviews appearing on Yelp's website were not all authentic, rather they included fraudulent reviews by individuals who lacked first-hand experience with the reviewed business; and (ii) the Company attempted to sell services designed to suppress negative reviews, while permitting unreliable reviews to remain prominent due to algorithms that did not comprehensively screen such unreliable reviews.
The complaint further alleges that as the true facts regarding the Company's business practices were revealed to the market through several articles and disclosures starting on March 31, 2014, the Company's stock price dropped, decreasing from a close of $80.18 per share on April 1, 2014 to a close of $65.76 per share on April 4, 2014, a decline of $14.42, or over 17%.
Request more information now by clicking here: www.faruqilaw.com/YELP. There is no cost or obligation to you.
If you invested in Yelp stock or options between October 29, 2013 and April 3, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/YELP. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Yelp's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
Mar. 23, 2017 09:30 AM EDT Reads: 2,386
Mar. 23, 2017 08:59 AM EDT Reads: 254
Mar. 23, 2017 08:30 AM EDT Reads: 2,571
Mar. 23, 2017 08:00 AM EDT Reads: 839
Mar. 23, 2017 08:00 AM EDT Reads: 1,971
Mar. 23, 2017 08:00 AM EDT Reads: 3,643
Mar. 23, 2017 08:00 AM EDT Reads: 3,203
Mar. 23, 2017 07:45 AM EDT Reads: 971
Mar. 23, 2017 06:45 AM EDT Reads: 1,495
Mar. 23, 2017 05:30 AM EDT Reads: 1,271
Mar. 23, 2017 05:30 AM EDT Reads: 3,056
Mar. 23, 2017 05:15 AM EDT Reads: 8,109
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership abi...
Mar. 23, 2017 05:00 AM EDT Reads: 10,521
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to transi...
Mar. 23, 2017 05:00 AM EDT Reads: 5,730
Information technology (IT) advances are transforming the way we innovate in business, thereby disrupting the old guard and their predictable status-quo. It’s creating global market turbulence. Industries are converging, and new opportunities and threats are emerging, like never before. So, how are savvy chief information officers (CIOs) leading this transition? Back in 2015, the IBM Institute for Business Value conducted a market study that included the findings from over 1,800 CIO interviews ...
Mar. 23, 2017 04:30 AM EDT Reads: 4,742