Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of the CafePress Inc. Securities Litigation

The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the CaféPress Inc. Securities Class Action:

SUPERIOR COURT OF THE STATE OF CALIFORNIA
COUNTY OF SAN MATEO

SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION

TO: ALL PERSONS OR ENTITIES (“PERSONS”) THAT PURCHASED OR OTHERWISE ACQUIRED CAFEPRESS INC. (“CAFEPRESS” OR THE “COMPANY”) COMMON STOCK PURSUANT OR TRACEABLE TO THE COMPANY’S REGISTRATION STATEMENT AND PROSPECTUS FOR THE COMPANY’S MARCH 28, 2012 INITIAL PUBLIC OFFERING

THIS NOTICE WAS AUTHORIZED BY THE COURT. IT IS NOT A LAWYER SOLICITATION.
PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY.

YOU ARE HEREBY NOTIFIED that a hearing will be held on August 11, 2015, at 9:00 a.m., before the Honorable Marie S. Weiner at the Superior Court of California, County of San Mateo, Department 2, Courtroom 2E, 400 County Center, Redwood City, CA 94063, to determine whether: (1) the proposed settlement as set forth in the Stipulation of Settlement dated April 2, 2015 (“Stipulation”) of the above-captioned action (“Litigation”) for $8,000,000 in cash should be approved by the Court as fair, reasonable and adequate; (2) to award Plaintiffs’ Counsel attorneys’ fees and expenses out of the Settlement Fund (as defined in the Notice of Proposed Settlement of Class Action (“Notice”), which is discussed below); (3) to pay Plaintiffs for their time and expenses they incurred in representing the Settlement Class in this Litigation out of the Settlement Fund; and (4) the Plan of Allocation should be approved by the Court as fair, reasonable and adequate.

This Litigation is a securities class action brought on behalf of those Persons who purchased or otherwise acquired the common stock of CafePress pursuant or traceable to the Registration Statement and Prospectus (“Registration Statement”) issued in connection with CafePress’ March 28, 2012 initial public offering (“IPO”) during the period beginning on March 28, 2012 and ending on July 10, 2013 (“Settlement Class Members”), against CafePress, certain of its key executives and directors, and Underwriters of CafePress’ IPO (collectively, “Defendants”) for allegedly misstating and omitting material facts from the Registration Statement filed with the SEC in connection with the IPO, including: by failing to disclose in the Registration Statement that for several quarters prior to the IPO, there were weakening sales in the Company’s “shop” segment, softening international sales and fluctuations in key product demand that placed immense pressure on CafePress’ core business and threatened the Company’s operating results. Specifically, the Complaint alleges that CafePress was undergoing severe challenges in its small shops segment such that sales and revenue growth, both domestically and internationally, in the shop segment was declining, and that consumer search traffic to CafePress’ small shops segment had undergone substantial erosion, which made it difficult for CafePress to drive search traffic to its consumer websites. Defendants deny all of Plaintiffs’ allegations.

IF YOU PURCHASED OR OTHERWISE ACQUIRED CAFEPRESS COMMON STOCK PURSUANT OR TRACEABLE TO THE COMPANY’S REGISTRATION STATEMENT FILED WITH THE SEC IN CONNECTION WITH THE COMPANY’S MARCH 28, 2012 IPO, YOUR RIGHTS MAY BE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION.

To share in the distribution of the Net Settlement Fund, you must establish your rights by submitting a Proof of Claim by mail (postmarked no later than August 31, 2015) or submitted electronically no later than August 31, 2015. Your failure to submit your Proof of Claim by August 31, 2015, will subject your claim to rejection and preclude your receiving any of the recovery in connection with the settlement of this Litigation. If you are a member of the Settlement Class and do not request exclusion, you will be bound by the settlement and any judgment and release entered in the Litigation, including, but not limited to, the Judgment, whether or not you submit a Proof of Claim.

If you have not received a copy of the Notice, which more completely describes the settlement and your rights thereunder (including your right to object to the settlement or exclude yourself from the settlement), and a Proof of Claim form, you may obtain these documents, as well as a copy of the Stipulation (which, among other things, contains definitions for the defined terms used in this Summary Notice) and other settlement documents, online at www.cafepressshareholderlitigation.com, or by writing to:

CafePress Inc. Shareholder Litigation
Claims Administrator
c/o Gilardi & Co. LLC
P.O. Box 8040
San Rafael, CA 94912-8040
Phone: 1-888-566-1150

Inquiries should NOT be directed to Defendants, the Court, or the Clerk of the Court. Inquiries may also be made to a representative of Plaintiffs’ Settlement Counsel:

ROBBINS GELLER RUDMAN & DOWD LLP
Shareholder Relations
Rick Nelson
655 West Broadway, Suite 1900
San Diego, CA 92101
Phone: 1-800-449-4900

IF YOU DESIRE TO BE EXCLUDED FROM THE SETTLEMENT CLASS, YOU MUST SUBMIT A REQUEST FOR EXCLUSION SUCH THAT IT IS POSTMARKED NO LATER THAN JULY 21, 2015, IN THE MANNER AND FORM EXPLAINED IN THE NOTICE. ALL MEMBERS OF THE SETTLEMENT CLASS WHO HAVE NOT REQUESTED EXCLUSION FROM THE SETTLEMENT CLASS WILL BE BOUND BY THE SETTLEMENT ENTERED IN THE LITIGATION EVEN IF THEY DO NOT FILE A TIMELY PROOF OF CLAIM.

IF YOU ARE A SETTLEMENT CLASS MEMBER, YOU HAVE THE RIGHT TO OBJECT TO THE SETTLEMENT, THE PLAN OF ALLOCATION, THE REQUEST BY PLAINTIFFS’ COUNSEL FOR AN AWARD OF ATTORNEYS’ FEES AND EXPENSES, AND/OR THE PAYMENT TO PLAINTIFFS FOR THEIR TIME AND EXPENSES. ANY OBJECTIONS MUST BE FILED WITH THE COURT AND SENT TO PLAINTIFFS’ SETTLEMENT COUNSEL BY JULY 21, 2015, IN THE MANNER AND FORM EXPLAINED IN THE NOTICE.

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