(credit: Michael Dorausch)
A federal judge has thrown out a lawsuit alleging Yelp manipulated reviews in an attempt to coerce businesses to buy advertisements.
Lawyers representing a Yelp shareholder filed suit in August of 2014, saying that the company had misled investors with false statements about the veracity of its reviews.
The complaint, which sought class action status, was filed four months after The Wall Street Journal revealed that the Federal Trade Commission had received more than 2,000 complaints about Yelp. The WSJ article roughly correlated with a significant drop in the value of Yelp stock.
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