The information contained on this website is only a summary of the information presented in more detail in the Notice of Pendency. Because this website is just a summary, you should review the Notice for additional details.
Summary of the Action
The Notice is being sent pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Northern District of California to inform you (a) of a class action lawsuit that is now pending in the Court under the above-captioned action against Yelp, Inc., Jeremy Stoppelman, Lanny Baker, and Jed Nachman; and (b) that the Action has been certified by the Court to proceed as a class action on behalf of the Class, as defined in paragraph 1 of the Notice. The Notice is not a settlement notice and you are not being asked to submit a claim.
The Notice is not an admission by Defendants or an expression of any opinion by the Court as to the merits of the Action, or a finding by the Court that the claims asserted by the Class Representative in this Action are valid. The Notice is intended solely to inform you of the pendency of this Action and of your rights in connection with it, including the right to request exclusion from the Class. There is no settlement or monetary recovery at this time.
The members of the Class are:
All individuals and entities who purchased or otherwise acquired shares of Yelp common stock between February 10, 2017 and May 9, 2017, both dates inclusive, and who were damaged thereby.
|YOUR RIGHTS AS A CLASS MEMBER:
||If you choose to remain a member of the Class, you will be bound by all past, present and future orders and judgments in the Action, whether favorable or unfavorable. If any money is awarded to the Class, either through a settlement with Defendants or a judgment of the Court after a trial, you may be eligible to receive a share of that award. However, if you remain a member of the Class, you may not pursue a lawsuit on your own behalf with regard to any of the legal claims in this Action. It is within the Court’s discretion whether to allow a second opportunity to request exclusion from the Class if there is a settlement or judgment in the Action after a trial. Please note that if you remain a member of the Class, you will not be personally responsible for Class Counsel’s attorneys’ fees or costs. Class Counsel has agreed to represent the Class on a contingent fee basis, which means that they will be awarded fees and costs to be approved by the Court only if they succeed in obtaining a recovery from one or more Defendants. Any attorneys’ fees for Class Counsel will be awarded by the Court from the settlement or judgment, if any, obtained on behalf of the Class. As a member of the Class you will be represented by Class Counsel. Alternatively, you may remain a member of the Class and elect to be represented by counsel of your own choosing. If you do retain separate counsel, you will be responsible for that attorney’s fees and expenses and that attorney may enter an appearance on your behalf by filing a Notice of Appearance with the Court and mailing it to Class Counsel at the addresses set forth in paragraph 21 of the Notice on or before August 25, 2020.
|ASK TO BE EXCLUDED
||If you choose to be excluded from the Class, you will not be bound by any orders or judgment in this Action, nor will you be eligible to share in any recovery that might be obtained in this Action. You will retain any right you have to individually pursue any legal rights that you may have against any Defendants with respect to the claims asserted in the Action. Please refer to paragraphs 17-20 of the Notice if you would like to request exclusion from the Class.
Detailed information about the pending Lawsuit is contained in the Notice available for download on the Important Documents page on this website. Additional information can also be obtained by contacting the Administrator by calling toll-free 1-888-964-0696 or emailing Info@YelpSecuritiesLitigation.com or mailing a letter to:
How do I obtain more information?
Yelp, Inc Securities Litigation
c/o JND Legal Administration
P.O. Box 91030
Seattle, WA 98111
Inquiries should NOT be directed to the Court or the Clerk of the Court.