SOURCE: Barrack, Rodos & Bacine

August 31, 2009 07:00 ET

Barrack, Rodos & Bacine Announces Summary Notice of Proposed ValueClick, Inc. Class Action Settlement and Settlement Hearing

PHILADELPHIA, PA--(Marketwire - August 31, 2009) - Plaintiffs' Lead Counsel in the ValueClick, Inc. Securities Litigation class action announced the following:

UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA - WESTERN DIVISION

CARL WALDREP, On Behalf of Himself and All Others Similarly Situated,
                          Plaintiff,
          v.
VALUECLICK, INC., JAMES R. ZARLEY, and SAMUEL J. PAISLEY,
                          Defendants.

CASE No. CV 07-5411 DDP (AJWx)
The Hon. Dean D. Pregerson
CLASS ACTION
This Document Relates to:  All Actions

                 SUMMARY NOTICE OF PROPOSED SETTLEMENT OF
                   CLASS ACTION AND SETTLEMENT HEARING

TO:     ALL PERSONS WHO PURCHASED (OR OTHERWISE ACQUIRED) THE
        COMMON STOCK OF VALUECLICK, INC. ("VALUECLICK") FROM
        JUNE 13, 2005 THROUGH AND INCLUDING JULY 27, 2007 (THE
        "CLASS").

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the Court, that a settlement for $10 million in cash has been proposed in the above-captioned certified class action. A hearing will be held before the Honorable Dean D. Pregerson, at the United States District Court for the Central District of California, Western Division, 312 North Spring Street, Los Angeles, California 90012, at 10:00 a.m., on November 9, 2009 to determine whether the proposed settlement should be approved by the Court as fair, reasonable, and adequate, and to consider the application of Plaintiffs' Counsel for attorneys' fees and reimbursement of expenses.

IF YOU ARE A MEMBER OF THE CLASS DESCRIBED ABOVE, YOUR RIGHTS WILL BE AFFECTED AND YOU MAY BE ENTITLED TO SHARE IN THE SETTLEMENT FUND. If you have not yet received the full printed Notice of Proposed Settlement of Class Action, Motion for Attorneys' Fees and Settlement Fairness Hearing and a Proof of Claim form, you may obtain copies of these documents by contacting the Claims Administrator at:

                      ValueClick Inc. Securities Litigation
                             Claims Administrator
                       c/o Heffler, Radetich & Saitta LLP
                              Post Office Box 150
                            Philadelphia, PA 19105
                           Telephone: (888) 665-1127

Inquiries, other than requests for the forms of Notice and Proof of Claim, may be made to Plaintiffs' Lead Counsel:

                                 Mark R. Rosen
                             Barrack, Rodos & Bacine
                                  Suite 3300
                               2001 Market Street
                             Philadelphia, PA 19103
                           Telephone: (215) 963-0600

To participate in the Settlement, you must submit a Proof of Claim no later than November 9, 2009. If you are a Class Member and do not exclude yourself from the Class, you will be bound by the Order and Final Judgment of the Court. Any objections to the Settlement must be filed by October 9, 2009. If you are a Class Member and do not submit a proper Proof of Claim, you will not share in the Settlement but you nevertheless will be bound by the Order and Final Judgment of the Court.

Further information may be obtained by contacting the Claims Administrator.

                                    By Order of The Court

Contact Information

  • MEDIA CONTACT ONLY:
    Mark R. Rosen, Esq.
    Barrack, Rodos & Bacine
    (215) 963-0600