SHAREHOLDER ALERT: Investigation on Behalf of Rocket Fuel Inc. Announced by Law Offices of Howard G. Smith

BENSALEM, Pa.--()--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Rocket Fuel Inc. (“Rocket Fuel” or the “Company”) (NASDAQ:FUEL), concerning possible violations of federal securities laws. The investigation is focused on certain statements issued by the Company concerning Rocket Fuel’s financial performance. Rocket Fuel provides artificial-intelligence digital advertising solutions, which deliver highly-automated, digital advertising campaigns across geographies and mobile, social and video digital channels.

The investigation is related to allegations that the Company knew but failed to disclose material adverse facts, including that: (1) a large percentage of the ads that Rocket Fuel brokered were being viewed by automated fraudulent computer programs, rather than actual consumers, such that the Company’s operations and financial performance were in jeopardy; (2) the Company’s revenue growth was negatively affected by its inability to identify and eliminate “bot” traffic for its customers; (3) by February 2014, the Company knew that it would miss Wall Street consensus estimates for the quarter as a result of customer concern about inventory quality, among other things. In addition, the Company’s January 2014 secondary offering was designed to enable Company insiders to unload their shares at artificially inflated prices.

On August 5, 2014, Rocket Fuel announced expected 2014 revenue in the range of $403-$427 million, down sharply from its previous forecast. That same day, The Wall Street Journal reported that “Rocket Fuel Inc. lowered its full-year revenue guidance for the year, pointing to customer concerns about inventory quality. …” Following this news, on August 6, 2014, Rocket Fuel shares fell approximately 30%, from $24.75 to $17.05 per share.

If you purchased Rocket Fuel shares between September 20, 2013 and August 5, 2014, if you have information or would like to learn more about these claims, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll-Free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Release Summary

Contact Law Offices of Howard G. Smith if you purchased Rocket Fuel Inc. securities between September 20, 2013 and August 5, 2014.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com