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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Blucora Inc (NASDAQ: BCOR) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Blucora Inc (NASDAQ: BCOR) concerning whether a series of statements by Blucora Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 16, 2020, the Company revealed that its President and Chief Executive Officer, John Clendening, "has departed his roles as executive and member of the Board of Directors" and that Blucora "anticipates announcing a new CEO by the end of January 2020." According to Blucora, "departure results from differences in views on the scope of Mr. Clendening’s authority as CEO."
Following this news, NASDAQ: BCOR fell $2.47 per share on January 16, 2020, to close at $22.94 per share.
Based in Irving, Texas, and founded in 1996 Blucora Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States.
If you purchased shares of Blucora Inc (NASDAQ: BCOR) on or before January 16, 2020, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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