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. (FUEL).
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 (email@example.com) or KSF Partner Melinda Nicholson (firstname.lastname@example.org) 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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