NEW YORK, Aug. 21, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of California on behalf of investors who purchased Yelp Inc. ("Yelp" or the "Company") (NYSE:YELP) securities between October 29, 2013 and April 3, 2014.
For more information, click here: http://zlk.9nl.com/yelp-yelp.
The complaint alleges that Yelp made materially false and misleading statements regarding: (a) the true nature of its 'firsthand' experience and reviews appearing on its website; (b) the robustness of its processes and algorithms purportedly designed to screen unreliable reviews; and (c) the Company's forecasted financial growth prospects and the extent to which they were reliant upon undisclosed business practices, including requiring business customers to pay to suppress negative reviews.
If you suffered a loss in Yelp you have until October 6, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/yelp-yelp.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
