Boston, MA 09/23/2014 (wallstreetpr) – According to reports, Levi & Korsinsky has announced and informed all of its investors about a class action lawsuit against Yelp Inc (NYSE:YELP) on behalf of all those investors who purchased YELP securities between October 29, 2013 and April 3, 2014. A lawsuit has been filed in the United States District Court for the Northern District of California.
Insights of lawsuit:
Levi & Korsinsky has filed a lawsuit on behalf of its investors. As per the information given by the company, Yelp Inc (NYSE:YELP) made misleading and false statements regarding-
(a) the robustness of its algorithms and processes supposedly designed to show uncertain reviews.
(b) the true nature of its reviews that are available on the website and ‘firsthand’ experience of users and
(c) Anticipated several financial growth prospects of the company and the extent to which they were dependent upon several confidential business practices.
The company has also requested all the investors that if any one of them had suffered a loss in Yelp Inc (NYSE:YELP) in past, then he/she has time till October 6, 2014 in order to lodge a complaint in court and request to appoint himself or herself as lead plaintiff. The company has also clarified that anyone’s ability to share in any recovery doesn’t require him/her to serve as a lead plaintiff.
Those who want to file their complaint or want to know more about this procedure can visit the official site of the company where one can find a form. The company will provide further assistance in every way possible. Levi& Korsinsky has an experienced team of 26 attorneys who are well versed with prosecuting various securities litigation such as representing investors throughout the nation in securities and shareholder lawsuits and financial frauds. Those who want to get assistance in the above-mentioned matter can get in touch with the experienced team of the company and sort out their queries.