|[May 13, 2014]
INVESTOR ALERT: Class Action Lawsuit Against Blucora, Inc. Filed By Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP, representing investors of Blucora,
Inc. ("Blucora" or the "Company") (NASDAQ:BCOR), has filed a class
action lawsuit in the United States District Court for the Western
District of Washington on behalf of a class (the "Class") comprising all
purchasers of Blucora securities between November 5, 2013, and February
20, 2014, inclusive (the "Class Period").
Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224
or at (212) 682-5340, or by email to firstname.lastname@example.org
to discuss this matter.
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 (News - Alert), Inc., and
changed its name to Blucora, Inc. in June 2012. The Complaint alleges
that throughout the Clas 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
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 (News - Alert) 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 60 days from the date of this Notice to serve as lead
plaintiff, if you 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 email@example.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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