Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action against Rocket Fuel Inc. and Lead Plaintiff Deadline of November 3, 2014
NEW YORK, Sept. 5, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a securities class action has been filed in the United States District Court for the Northern District of California on behalf of those who purchased shares of Rocket Fuel Inc. ("Rocket Fuel" or the "Company") (NasdaqGS: Fuel), during the period between September 20, 2013 and August 5, 2014, inclusive (the "Class Period").
The complaint charges Rocket Fuel and certain of its executives with violations of federal securities laws. Specifically, the complaint alleges that: (a) a big percentage of the ads Rocket Fuel brokered were being "viewed" by automated fraudulent computer programs, rather than real people, such that the Company's operations and financial performance were in jeopardy; (b) during the Class Period, Rocket Fuel's revenue growth was negatively impacted due to its inability to identify and eliminate bot traffic for its customers; (c) no later than the beginning of February 2014, the Company knew that it would miss Wall Street consensus estimates for the quarter due to, among other things, customer concern about inventory quality; and (d) the Secondary Offering was designed to enable Company insiders to unload their shares at artificially inflated prices.
Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of Rocket Fuel during the Class Period described above.
No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. November 3, 2014 is the deadline for investors to seek a lead plaintiff appointment. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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