NEW YORK, March 16, 2018 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds
purchasers of the securities of Yelp Inc. (NYSE:YELP) from February 10, 2017 through May 9, 2017, inclusive (the “Class Period”) of
the important March 19, 2018 lead plaintiff deadline. The lawsuit seeks to recover damages for Yelp investors under the federal
securities laws.
To join the Yelp class action, go to http://rosenlegal.com/cases-1274.html or call Phillip Kim, Esq. or Zachary Halper, Esq.
toll-free at 866-767-3653 or email pkim@rosenlegal.com or zhalper@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to
disclose: (1) Yelp’s transition from a Cost-Per-Thousand-Impressions to a Cost-Per-Click model in FY2016 created a distinct cohort
of local advertisers that would reach the end of their contracts during the first part of FY2017; (2) new customers that signed on
with Yelp under the Cost-Per-Click pricing model had lower retention rates because the customers did not effectively compete with
Yelp’s more established customers; and (3) as a result of the lower retention rates, Yelp was not on track to achieve its financial
guidance or results during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered
damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March
19, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you
wish to join the litigation, go to http://rosenlegal.com/cases-1274.html or to discuss your rights or interests regarding this
class action, please contact Phillip Kim, Esq. or Zachary Halper, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or zhalper@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions
and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder
Services for the number of securities class action settlements annually obtained for investors.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
zhalper@rosenlegal.com
www.rosenlegal.com
