Yelp settles derivative lawsuit for $18M; adopts governance reforms

YELP INC

Yelp receives $18M from insurance; pays $3.75M in plaintiff attorney fees.
Settlement resolves claims against CEO Stoppelman and other officers; no admission of liability.
Board to implement corporate governance enhancements per settlement terms.
Court granted preliminary approval on June 22, 2022; final approval pending.

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