The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Blucora, Inc. ("Blucora" or "the Company") (NASDAQ: BCOR) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Blucora announced on January 16, 2020, that President and Chief CEO John Clendening "has departed his roles as executive and member of the Board of Directors" and that the Company "anticipates announcing a new CEO by the end of January 2020." According to the Company, his departure "results from differences in views on the scope of Mr. Clendening’s authority as CEO." Based on this news, shares of Blucora fell sharply in intraday trading.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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