ATTENTION ALL CLASS MEMBERS: Please be advised that on January 27, 2023, the Court granted full and final approval of the class action Settlement in the case styled Azar v. Yelp, Inc. et al., Case No. 3:18-cv-00400-EMC, filed in the United States District Court for the Northern District of California. Please refer to the Final Judgement and Order located on the Important Documents tab of this website.  

The information contained on this website is only a summary of the information presented in more detail in the Notice. Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action

The Notice relates to the Settlement of claims in a securities class action brought by investors alleging, among other things, that defendants Yelp Inc., Jeremy Stoppelman, Lanny Baker, and Jed Nachman (collectively, the “Defendants”) violated the federal securities laws by making false and misleading statements regarding Yelp.  A more detailed description of the Action and the Settlement is set forth in the Notice.

Jonathan Davis ("Lead Plaintiff"), on behalf of himself and the Class, agreed to settle the Action in exchange for a cash payment of $22,250,000 (the “Settlement Amount”), which was deposited into an escrow account.  The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes, (b) the Notice and Administration Costs, (c) the Litigation Expenses awarded by the Court, and (d) the attorneys’ fees awarded by the Court) will be distributed in accordance with a plan of allocation that was approved by the Court. The plan of allocation (the “Plan of Allocation”) is set forth in paragraphs 55-73 of the Notice.

The Court-certified Class consists of:

All persons who purchased or otherwise acquired Yelp common stock during the period between February 10, 2017 and May 9, 2017, inclusive, and were damaged thereby.

Copies of the Notice can be found in the important documents tab at the top of this page.

Payments to eligible claimants will be made after the completion of all claims processing. Please be patient, as this process will take some time to complete.

How do I obtain more information?

Detailed information about the lawsuit is contained in the Notice available for download on the Important Documents page on this website. Additional information can also be obtained by contacting the Administrator by calling toll-free 1-888-964-0696 or emailing Info@YelpSecuritiesLitigation.com or mailing a letter to:

Yelp, Inc. Securities Litigation
c/o JND Legal Administration
P.O. Box 91030
Seattle, WA 98111

Inquiries regarding the Notice should NOT be directed to the Court, the office of the Clerk of the Court, Defendants, or their Counsel.