District Court’s Dismissal Of Securities Suit Not Erroneous, Panel Rules

Mealey's (November 27, 2017, 2:52 PM EST) -- SAN FRANCISCO — A federal district court did not err in dismissing a securities class action lawsuit against crowd-sourced review platform Yelp Inc. and certain of its executive officers because the lead plaintiff in the action failed to show that the disclosure of consumer complaints, without more, is sufficient to plead loss causation, a Ninth Circuit U.S. Court of Appeals panel ruled Nov. 21 (Joseph Curry, et al. v. Yelp Inc., et al., No. 16-15104, 9th Cir., 2017 U.S. App. LEXIS 23563)....