Technology,
Civil Litigation
Jun. 17, 2022
Yelp executives settle $18M derivative lawsuit over misrepresentations
The defendants who were accused of lying about the success of the company’s cost-per-click advertising system.
A federal judge on Thursday signed off on an agreement for two current executives and a former executive to pay $18 million to Yelp to settle a shareholder derivative lawsuit that alleged they lied about the success of the company’s advertising business.
Shawn Williams, a partner at Robbins Geller Rudman & Dowd LLP, is lead counsel for the plaintiff, whose lawsuit sought cash benefits for the company and actions by directors to ensure ...
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