On or around 09/21/2017 (Stipulation and order of dismissal (voluntary dismissal))
Filing Date: August 04, 2017
According to the Complaint, on July 18, 2017, Rocket Fuel issued a press release announcing that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) to sell Rocket Fuel to Sizmek.
On August 2, 2017, Rocket Fuel filed a Solicitation/Recommendation Statement on Schedule 14D-9 (the “Recommendation Statement”) with the SEC. The Complaint alleges the Recommendation Statement, which recommends that Rocket Fuel stockholders tender their shares in favor of the Proposed Transaction, omits or misrepresents material information concerning, among other things: (i) the data and inputs underlying the financial valuation analyses that support the fairness opinion provided by the Company’s financial advisor, Needham & Company, LLC (“Needham”); and (ii) Rocket Fuel insiders’ potential conflicts of interest.
On September 21, 2017, pursuant to a Stipulation by the Parties, the Court dismissed this case.
Company & Securities Information
Defendant: Rocket Fuel Inc.
Headquarters: United States
Ticker Symbol: FUEL
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Stephen Bushansky, et al. v. Rocket Fuel Inc., et al.
COURT: N.D. California
DOCKET #: 17-CV-04454
JUDGE: Hon. James Donato
DATE FILED: 08/04/2017
CLASS PERIOD START: 07/18/2017
CLASS PERIOD END: 08/04/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
WeissLaw LLP (Beverly Hills)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violations of the Federal Securities Laws
Stipulation to Dismiss Action as Moot and Retaining Jurisdiction to Determine Plaintiffs' Counsel's Potential Joint Application for Fees and Expenses
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available