Rocket Fuel To Pay $3.2M To End Stock-Drop Suit Over Bots

Law360, San Francisco (October 11, 2017, 3:16 PM EDT) -- A California federal judge on Wednesday approved Rocket Fuel Inc.’s $3.15 million deal to resolve a putative shareholder class action alleging the online advertising platform pumped its stock by lying about its ability to block value-draining robot traffic, saying the per-share amount is “probably sufficiently fair” since she'd shot down most of the suit's claims.

During a hearing in Oakland, California, U.S. District Judge Phyllis J. Hamilton recalled that she had dismissed most claims from the consolidated action in December 2015, leaving alive only claims related...
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