Yelp Investor Seeks Preliminary Approval Of $22M Class Action Settlement

Mealey's (April 25, 2022, 1:34 PM EDT) -- SAN FRANCISCO — A lead plaintiff in a class action lawsuit alleging that online business review platform Yelp Inc. and certain of its senior executives misrepresented the company’s expected revenues for fiscal year 2017 in violation of federal securities laws asked a federal judge in California on April 21 to preliminarily approve a more than $22 million proposed settlement agreement, arguing that the settlement is fair, reasonable and adequate....