Investigation announced for Investors in shares of Blucora, Inc. (NASDAQ: BCOR)

An investigation was announced concerning potential securities laws violations by Blucora, Inc. in connection with certain financial statements.

Investors who purchased shares of Blucora, Inc. (NASDAQ: BCOR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Blucora, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Irving, TX based Blucora, Inc. provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. Blucora, Inc. reported that its annual Total Revenue rose from $509.55 million in 2017 to $560.45 million in 2018 and that its Net Income increased from $27.03 million in 2017 to $50.63 million in 2018.

On January 16, 2020, Blucora announced 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 stated that Clendening's "departure results from differences in views on the scope of Mr. Clendening's authority as CEO."

Shares of Blucora, Inc. (NASDAQ: BCOR) declined to as low as $22.36 per share on January 21, 2020.

Those who purchased shares of Blucora, Inc. (NASDAQ: BCOR) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.