DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor LLP announce that a federal class action lawsuit has been filed against Blucora, Inc. (“Blucora” or “Company”) (NasdaqGS: BCOR) and several officers and directors for acts taken during the period of November 5, 2013 to February 20, 2014 (the “Class Period”).
Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Blucora. If you are an affected Blucora shareholder and want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, or via e-mail at shareholder@powerstaylor.com. There is no cost or fee to you.
In the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that: a) the Company misrepresented or failed to disclose that its main web properties were tied to malware, viruses and browser hijackers that attached to computers; b) the Company’s search traffic was derived from malware, illicit traffic, pirated content and/or click fraud, including involuntary click, artificial clicks and illicit clicks; c) the Company’s search volumes were higher due to a rise in illicit search traffic; and d) the relationship with Google and Blucora was compromised and Google was unlikely to renew its contract with the same terms as its prior agreement. When the truth was revealed to the public Blucora’s shares plummeted.
The Briscoe Law Firm, PLLC is a full service business litigation, commercial transaction, and public advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
