October 5, 2012 - The court ordered the authorization of the distribution of the net settlement fund.
November 25, 2009 - The court approved the settlement, entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissed the action with prejudice.

June 30, 2009 - The court preliminarily approved the settlement.

June 12, 2009 - Parties filed a stipulation of settlement.

January 23, 2009 - The defendants filed a motion to dismiss.

November 24, 2008 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased ValueClick Inc (NASDAQ: VCLK) common shares between June 13, 2005 and July 27, 2007. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between June 13, 2005 and July 27, 2007.

September 25, 2008 - The court granted the defendants' motion to dismiss and granted lead plaintiffs leave to file an amended complaint.

March 21, 2008 - The defendants filed a motion to dismiss.

January 17, 2008 - The lead plaintiffs filed a consolidated amended complaint.

November 20, 2007 - The lead plaintiffs and lead counsel were appointed and all cases were consolidated.

October 16, 2007 - Lead plaintiff motions were filed.

September 12, 2007 - An additional investor filed a complaint.

September 5, 2007 - Another investor filed a complaint.

August 17, 2007 - An investor in shares of ValueClick Inc (NASDAQ: VCLK) filed a lawsuit in the U.S. District Court for the Central District of California against ValueClick Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 1, 2006 and July 27, 2007.

The complaint charges ValueClick Inc and certain of its officers and directors with violations of the Securities Exchange Act of 1934. ValueClick Inc describes itself as “one of the world’s largest integrated online marketing companies, offering comprehensive and scalable solutions to deliver cost-effective customer acquisition for advertisers and transparent revenue streams for publishers.

Specifically, the complaint alleges that between November 1, 2006 and July 27, 2007, defendants issued false and misleading statements concerning ValueClick Inc’s sales growth, record reported revenues and earnings, strong business fundamentals, and upward earnings guidance. As a result of these false and misleading statements, ValueClick Inc’s stock (NASDAQ: VCLK) rose precipitously, reaching a high of over $35 per share by May 2007. Meanwhile, defendants concealed from investors that ValueClick Inc’s stellar financial performance was due in large part to illegal practices, which when halted (voluntarily or through a regulatory enforcement action) would adversely impact ValueClick Inc’s lead-generation business, Value Click Inc’s revenues and its profits.

The complaint further alleges that on May 18, 2007, ValueClick Inc announced that it was the target of an investigation by the FTC into potential FTC Act or CAN-SPAM Act violations. Yet defendants maintained that ValueClick Inc was in full compliance with the law and that the FTC investigation would not negatively impact the Company’s forward financial performance. Nonetheless, according to the complaint, the Company’s promotional lead-generation business dropped off dramatically during May and June of 2007, significantly impacting ValueClick Inc’s ability to achieve its inflated financial targets.

Then, on July 30, 2007, ValueClick Inc reported second quarter 2007 earnings which fell short of defendants’ forecasts. ValueClick Inc also lowered its forward financial guidance for the year. On this news, ValueClick Inc’s stock (NASDAQ: VCLK) plummeted over $6 per share, falling below $20 per share in intraday trading, or 42% from its Class Period high, on very high volume.