Welcome to the CafePress Inc. Securities Litigation Settlement Website

This website has been established to provide general information related to the proposed settlement of the CafePress Inc. (“CafePress”) Securities Litigation. The capitalized terms used on this website, and not defined herein, shall have the same meanings ascribed to them in the Stipulation of Settlement dated April 2, 2015 (the “Stipulation”), which can be found and downloaded by clicking on the Case Documents tab above.

This is a securities class action that is pending before Marie S. Weiner at the Superior Court of California, County of San Mateo (the “Court”), and the case is known as CafePress Inc. Shareholder Litigation, Master File No. CIV522744.

Plaintiffs brought the action on behalf of all persons or entities who purchased or otherwise acquired CafePress common stock pursuant or traceable to the Company’s Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s IPO. The Complaint alleges that on March 28, 2012, CafePress completed the IPO and issued at least 5.175 million shares of its common stock for $19 per share, raising approximately $98.3 million. Plaintiffs allege that the CafePress Defendants and the Underwriter Defendants violated §11 of the Securities Act and that the CafePress Defendants violated §15 of the Securities Act because the Registration Statement contained untrue statements of material fact and omitted other facts necessary to make the statements made therein not misleading.

Plaintiffs allege that the Registration Statement violated the Securities Act by failing to disclose that 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 have denied and continue to deny all charges of wrongdoing or liability against them arising out of any of the conduct, statements, acts or omissions alleged in the Complaint.

If you purchased or otherwise acquired the common stock of CafePress pursuant or traceable to the Registration Statement filed in connection with CafePress’ March 28, 2012 IPO through July 10, 2013 (the “Settlement Class Period”), you are a Settlement Class Member.

The Settlement, if approved, will result in the creation of a cash settlement fund of $8,000,000 (the “Settlement Amount”). The Settlement Amount, plus accrued interest (the “Settlement Fund”) and minus the costs of this Notice and all costs associated with the administration of the Settlement, as well as attorneys’ fees and expenses, and the payment of Plaintiffs’ time and expenses in representing the Settlement Class, as approved by the Court (the “Net Settlement Fund”), will be distributed to Settlement Class Members.

The Court appointed the law firms of Robbins Geller Rudman & Dowd LLP and Glancy, Binkow & Goldberg LLP to represent you and other Settlement Class Members. These lawyers are called Plaintiffs’ Settlement Counsel. These lawyers will apply to the Court for payment of attorneys’ fees and expenses from the Settlement Fund; you will not be otherwise charged for their work. If you want to be represented by your own lawyer, you may hire one at your own expense.

Although the information on this website is intended to assist you, it does not replace the information contained in the Notice of Pendency and Proposed Settlement of Class Action (the "Notice") and the Stipulation of Settlement, both of which can be found and downloaded from this website. We recommend that you read the Notice and other relevant case documents carefully.

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