The Shareholders Foundation announces that an investigation on behalf of investors of Yelp Inc (NYSE:YELP) shares is ongoing over potential securities laws violations by Yelp Inc and certain of its directors and officers in connection certain financial statements.
Investors who purchased shares of Yelp Inc (NYSE:YELP) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Yelp Inc (NYSE:YELP) concerning whether a series of statements by Yelp Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 2, an article stated that according to a spokesperson for Yelp Inc the company receives roughly six subpoenas monthly, some of which seek the names of anonymous users. On the same day the Federal Trade Commission (“FTC”) disclosed on its website that it received 2,046 complaints about Yelp Inc from 2008 through March 4 of this year, noting that its disclosure was part of a Freedom of Information Act request.
Shares of Yelp Inc declined from $81.24 per share on April 2, 2014, to $61.72 per share on April 11, 2014.
Those who purchased shares of Yelp Inc (NYSE:YELP), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com