INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Lawsuit Against Blucora, Inc.
LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP reminds investors of Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ:BCOR) that all purchasers of Blucora securities between November 5, 2013, and February 20, 2014, inclusive (the “Class Period”), have until July 14, 2014, to file a motion to be appointed as lead plaintiff in the shareholder lawsuit.
Blucora provides online search technology, aggregated search content, and tax preparation services and software in the Unites States and internationally. The Company was formerly known as InfoSpace, Inc., and changed its name to Blucora, Inc. in June 2012. The Complaint alleges that throughout the Class Period defendants issued false and/or misleading statements and/or failed to disclose material adverse facts concerning Blucora’s business, operations and prospects. Specifically, defendants misrepresented and/or failed to disclose that:
- Blucora’s main web properties were tied to malware, viruses and browser hijackers that attack computers.
- Blucora’s search volumes had been boosted due to a rise in illicit search traffic.
- A significant portion of the Company’s traffic was derived from malware, illicit traffic, pirated content and/or click fraud, including, involuntary clicks, artificial clicks and illicit clicks.
- The Company’s relationship with Google was impaired and Google was unlikely to renew its contract with the Company on the same terms as its prior agreement.
If you are a member of the Class described above, you may move the Court no later than July 14, 2014, to serve as lead plaintiff; however, you must meet certain legal requirements. To be a member of the Class, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com.
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