NEW YORK, Sept. 5, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces today that a class action lawsuit has been filed on behalf of all purchasers of the securities of Rocket Fuel Inc. (Nasdaq:FUEL) between September 20, 2013 and August 5, 2014, inclusive (the "Class Period"), seeking remedies under the federal securities laws.
To join the Rocket Fuel class action, go to the website at http://rosenlegal.com/cases-347.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email 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.
According to the lawsuit, Rocket Fuel and certain of its officers and directors misstated and/or failed to disclose that: (1) a large portion of the advertisements Rocket Fuel brokered were being "viewed" by automated fraudulent computer programs as opposed to people, which placed the Company's operations and financial performance in jeopardy; (2) the Company's revenue growth was adversely impacted due to its inability to identify and eliminate such fraudulent views; and (3) the Company knew no later than the beginning of February 2014 that its financial performance would not meet Wall Street expectations for the quarter due to, among other things, customer concerns about inventory quality. The lawsuit claims that when this adverse information entered the market the price of Rocket Fuel dropped, damaging investors.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 3, 2014. If you wish to join the litigation go to at http://rosenlegal.com/cases-347.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 focuses on prosecuting securities class action litigation and actions involving financial fraud. The Rosen Law Firm represents investors throughout the globe.