LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation on behalf of Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ: BCOR) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On January 16, 2020, Blucora revealed that its President and Chief Executive Officer (“CEO”), 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.” Blucora specified that Clendening’s “departure results from differences in views on the scope of Mr. Clendening’s authority as CEO.”
On this news, Blucora’s stock price fell $1.57, or over 6%, to close at $22.94 per share on January 16, 2020, thereby injuring investors.
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If you purchased Blucora securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to email@example.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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