March 19th Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action
Lawsuit Against Yelp, Inc. (YELP)
Law Offices of Howard G. Smith reminds investors of the March 19, 2018 deadline to file a lead plaintiff motion in
the class action filed on behalf of investors that purchased Yelp, Inc. (“Yelp” or the “Company”) (NYSE: YELP) securities between February 10, 2017 and May 9, 2017, inclusive (the “Class Period”). Yelp
investors have until March 19, 2018 to file a lead plaintiff motion.
Investors suffering losses on their Yelp investments are encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
On May 9, 2017, the Company announced its first quarter 2017 financial results. While Yelp’s Q1 2017 revenue and adjusted EBITDA
met the Company’s prior expectations, the Company disclosed that it was revising its FY 2017 guidance downward to reflect poor
retention rates with existing customers. On this news, Yelp’s stock price closed at $34.70 on May 9, 2017 and fell to $28.33 on May
10, 2017, thereby injuring investors.
The complaint filed in this class action alleges that defendants misled Yelp investors regarding retention rates for existing
customers, as well as revenues and growth rates for the Company’s new customers. The complaint also alleges that Yelp CEO Jeremy
Stoppelman personally benefited from withholding such information by selling over $25,000,000 worth of Yelp shares (approximately
20% of his Yelp holdings) while in possession of material nonpublic information regarding Yelp’s poor financial results.
If you purchased shares of Yelp during the Class Period you may move the Court no later than March 19, 2018 to ask
the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain
counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this
action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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