|By PR Newswire||
|April 2, 2014 07:40 PM EDT||
NEW YORK, April 2, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Blucora, Inc. ("Blucora" or the "Company")(NasdaqGS: BCOR). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 237.
The investigation concerns whether Blucora and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On Tuesday, February 18, 2014, a research report was published by Gotham City Research claiming that at least 50% of BCOR's traffic is derived from malware, click fraud, illicit traffic, and otherwise suspect traffic, and that ads displayed in Blucora-branded search results violate the terms of its agreement with Google.
On this news, shares of Blucora fell $2.00 per share to $21.70, or more than 8.44%, on February 18, 2014.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP