EQUITY ALERT: The Rosen Law Firm Reminds Yelp, Inc. Investors of Important October 6, 2014 Class Action Deadline -- YELP

NEW YORK, Oct. 2, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm reminds all purchasers of Yelp Inc. common stock YELP between October 29, 2013 through April 3, 2014, of the important October 6, 2014 lead plaintiff deadline in the class action.

To join the YELP class action, visit the firm's website http://rosenlegal.com/cases-331.html or call Phillip Kim, Esq. or Kevin Chan, Esq toll-free, at 866-767-3653; you may also email at pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

The lawsuit alleges that defendants misrepresented the true nature of what they referred to as "firsthand" experiences and reviews on YELP's website, the robustness of its processes and algorithms designed to prevent unreliable reviews, and YELP's forecasted financial growth prospects. The complaint also alleges that defendants concealed that YELP was reliant upon questionable business practices, including requiring business customers to pay to suppress negative reviews.

The lawsuit further alleges that defendants' misleading statements caused YELP's stock to trade at inflated prices, exceeding $98.00 per share, and allowed insiders to sell more than 1.16 million shares of YELP stock for proceeds of over $81.5 million.

When the truth about YELP's business practices was slowly revealed through a series of articles and disclosures beginning March 31, 2014, YELP's stock price dropped to as low as $65.76 per share on April 4, 2014.

If you wish to serve as lead plaintiff, you must move the Court no later than October 6, 2014. If you wish to join the litigation go to http://rosenlegal.com/cases-331.html, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.