Kaplan Fox & Kilsheimer LLP and Kahn Swick & Foti LLC Announce a Summary Notice of Pendency and Proposed Settlement of Class Action

NEW YORK, June 14, 2017 /PRNewswire/ --

UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
OAKLAND DIVISION

TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF ROCKET FUEL INC. ("ROCKET FUEL" OR THE "COMPANY") FROM SEPTEMBER 20, 2013 THROUGH AUGUST 5, 2014, INCLUSIVE, AND WERE DAMAGED THEREBY,

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Northern District of California, that a hearing will be held on October 11, 2017, at 9:00 a.m., before the Honorable Phyllis J. Hamilton, United States District Judge, at the United States District Court for the Northern District of California, United States Courthouse – Courtroom 3, 3^rd Floor, 1301 Clay Street, Oakland, CA 94612, for the purpose of determining: (1) whether the proposed Settlement of the claims in the Action for the principal amount of $3,150,000.00, plus interest, should be approved by the Court as fair, just, reasonable, and adequate; (2) whether a Final Judgment and Order of Dismissal with Prejudice should be entered by the Court dismissing the Action with prejudice; (3) whether the Plan of Allocation is fair, reasonable, and adequate and should be approved; and (4) whether the application of Lead Counsel for the payment of attorneys' fees and expenses and Lead Plaintiffs' expenses in connection with this Action should be approved.

IF YOU PURCHASED OR OTHERWISE ACQUIRED THE COMMON STOCK OF ROCKET FUEL BETWEEN SEPTEMBER 20, 2013 AND AUGUST 5, 2014, INCLUSIVE, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION.  If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Action ("Notice") and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Rocket Fuel Securities Litigation, c/o A.B. Data, Ltd., P.O. Box 173033, Milwaukee, WI 53217 or at www.rocketfuelsecuritieslitigation.com.  If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release by mail (postmarked no later than October 12, 2017) or submitted electronically no later than October 12, 2017, establishing that you are entitled to recovery.

If you are a Class Member and you desire to be excluded from the Class, you must submit a request for exclusion such that it is postmarked no later than September 12, 2017, in the manner and form explained in the detailed Notice, referred to above.  All Class Members who do not timely and validly request exclusion from the Class in response to the Notice will be bound by any judgment entered in the Action pursuant to the Stipulation.

If you are a Class Member, you have the right to object to the Settlement, the Plan of Allocation, or the fee and expense application, or otherwise request to be heard.  To object, you may submit a written objection in accordance with the procedures described in the more detailed Notice, referred to above, and/or you may appear at the hearing described above.  Any written objection must be delivered to the Clerk of the Court, United States District Court, Northern District of California, 1301 Clay Street, Suite 400 S, Oakland, CA 94612, such that it is postmarked no later than September 12, 2017.  Note that the Court can only approve or deny the Settlement, not change the terms of the Settlement. 

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  If you have any questions about the Settlement, you may contact Lead Counsel at the addresses listed below:

Ramzi Abadou
KAHN SWICK & FOTI LLP
912 Cole Street, #251
San Francisco, CA 94117
(504) 455-1400

Laurence D. King
Mario M. Choi
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, CA 94104
(415) 772-4700

SOURCE Kaplan Fox & Kilsheimer LLP and Kahn Swick & Foti LLC