A federal appeals court on Tuesday upheld a ruling that tossed a securities class action lawsuit against Yelp Inc. claiming the online review site misled investors about the reliability of its reviews and how they’re filtered.
Plaintiffs, represented by lead counsel at Robbins Geller Rudman & Dowd, had accused Yelp of propping up its earnings by coercing businesses into buying ads to get fake negative reviews removed from the site. They alleged that stock prices tanked after an April 2014 Wall Street Journal article cited 2,046 complaints to the Federal Trade Commission about the company’s practices.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]