Rocket Fuel, Inc. Sec. Litig., No. 14-cv-3998 (N.D. Cal.)

United States District Court for the Northern District of California

Class Period: September 20, 2013 – August 5, 2014


Headshot: Frederic Fox

Frederic S. Fox

Laurence D. King
Headshot: Joel Strauss

Joel B. Strauss
Headshot: Donald Hall

Donald R. Hall

Kaplan Fox is the court-appointed co-lead counsel in this securities class action against Rocket Fuel, Inc. (“Rocket Fuel” or the “Company”) and other related defendants.  Oklahoma Firefighters Pension and Retirement System, Browder Capital, LLC, and Patrick Browder are court-appointed co-lead plaintiffs in this action. 

On February 27, 2015, co-lead plaintiffs filed their Consolidated Class Action Complaint, alleging that Defendants recklessly touted the Company’s technological prowess, assuring investors and customers that Rocket Fuel’s proprietary technology could “identify and eliminate all” ad fraud and bot traffic and would “block bad sites and pages before” Rocket Fuel “ever serve[d] a single ad on them”, when in reality such statements were false and misleading. As well, Defendants negligently made statements in their Initial Public Offering and Secondary Offering documents about their technology and its material impact on revenues and on customers. These misstatements and omissions adversely affected the shareholders that purchased the Company’s securities during the alleged Class Period (September 20, 2013-August 5, 2014).

On May 31, 2017, Judge Phyllis J. Hamilton, Chief U.S. District Judge for the Northern District of California, preliminarily approved a settlement of $3.15 million for this action. The hearing to determine whether to give final approval to the Settlement in this matter is scheduled for October 11, 2017, at 9:00 a.m. at the U.S. District Court for the Northern District of California, Dellums U.S. Courthouse, 1301 Clay Street, Oakland, CA.

If you purchased or otherwise acquired the common stock of Rocket Fuel, Inc. from September 20, 2013 through August 5, 2014 (the “Settlement Class Period”), inclusive, and suffered alleged damages as a result, you are a member of the Settlement Class and could get a payment from the Settlement. Please review the documents below for more information. You may also visit the Rocket Fuel Securities Litigation website ( for more information about the Settlement.

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