The Shareholders Foundation announces that an investigation on behalf of investors in Blucora Inc (NASDAQ:BCOR) shares was launched over potential breaches of fiduciary duties.
Investors who purchased shares of Blucora Inc (NASDAQ:BCOR) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Blucora officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 18, 2014 a report was published alleging among other things that Blucora Inc’s main web properties are tied to malware, viruses and browser hijackers that attack computers, that Blucora Inc’s search volumes experienced a significant boost in recent quarters, due to a rise in illicit search traffic (Including child-pornography related searches), and that at least 50% of Blucora Inc’s traffic is derived from malware, click fraud, illicit traffic, and otherwise suspect traffic.
Shares of Blucora Inc dropped from $23.81 per share on February 14, 2014 to $19.53 per share on February 18, 2014 and continued to decline to as low as $18.24 per share on April 7, 2014. On April 14, 2014, NASDAQ:BCOR shares closed at $18.97 per share
Those who purchased shares of Blucora Inc (NASDAQ:BCOR), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego