Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Yelp, Inc. (NASDAQ: YELP) and certain of its officers. Yelp operates as an online local guide that connects people primarily with boutiques, mechanics, restaurants, and dentists. The Company states that reviews of these businesses that appear on its website are written by people using Yelp to share their everyday local business experiences, giving voice to consumers and bringing “word of mouth” online.
Johnson & Weaver’s investigation seeks to determine whether certain statements regarding the Company’s business practices, prospects, and financial condition were false and misleading when made. Specifically, the investigation focuses on statements regarding, among other things, the true nature of the reviews appearing on the Company’s web site, the reliability of the Company’s processes and algorithms in screening potentially unreliable reviews, and certain undisclosed business practices including requiring business customers to pay in order to suppress negative reviews.
Since early March 2014, Yelp stock has fallen from a high of $101.75 per share to $54.45 in mid-day trading on May 6, 2014.
If you are a Yelp shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contacts:
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
