|[August 06, 2014]
ROCKET FUEL INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Rocket Fuel Inc. Following Disclosure of Lowered Outlook and Inventory Quality Concerns
NEW ORLEANS --(Business Wire)--
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces
that KSF has commenced an investigation into Rocket Fuel Inc. (Nasdaq:
On August 5, 2014, Rocket Fuel announced its second quarter results,
lowering its outlook because of concerns expressed recently by customers
about inventory quality, tighter control of client spending by the
agencies' internal trading desks, and a shift toward direct licensing by
advertisers. The Company said that it expects 2014 revenue of $403-$427
million, down from a previous forecast of $420-$435 million and below
analysts' estimates of $422.6 million.
On this news, the price of Rocket Fuel's shares plummeted by over 31%.
KSF's investigation is focusing on whether Rocket Fuel and/or its
officers and directors violated state or federal securities laws.
If you are a Rocket Fuel shareholder that has suffered losses related to
your investment or have information that would assist KSF in its
investigation, you may, without obligation or cost to you, e-mail or
call KSF Managing Partner Lewis Kahn (firstname.lastname@example.org)
or KSF Partner Melinda Nicholson (email@example.com)
toll free at 1-877-515-1850.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities class action
and shareholder derivative litigation with offices in New York,
California and Louisiana. KSF's lawyers have significant experience
litigating complex securities class actions nationwide on behalf of both
institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
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