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Investigation announced for Investors in Fair Isaac Corporation (NYSE: FICO) over potential Wrongdoing

05-01-2020 03:01 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Fair Isaac Corporation (NYSE: FICO) shares over potential wrongdoing at Fair Isaac Corp

An investigation on behalf of investors in Fair Isaac Corporation (NYSE: FICO) shares over potential wrongdoing at Fair Isaac Corp

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Fair Isaac Corporation.

Investors who purchased shares of Fair Isaac Corporation (NYSE: FICO) 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 concerns whether certain Fair Isaac Corporation directors breached their fiduciary duties and caused damage to the company and its shareholders.

San Jose, CA based Fair Isaac Corporation develops analytic, software, and data management products and services that enable businesses to automate, enhance, and connect decisions. Fair Isaac Corporation reported that its Total Revenue rose from over $1.03 billion for the 12 months period that ended on September 30, 2018, to over $1.16 billion for the 12 months period that ended on September 30, 2019, and that its Net Income over those respective time periods increased from $142.41 million to $192.12 million.

On Friday, March 13, 2020, the U.S. Department of Justice notified Fair Isaac Corporation that it opened an antitrust investigation. In a press release issued by Fair Isaac Corporation on March 15, 2020, the company stated that the probe focuses on "potential exclusionary conduct."

Shares of Fair Isaac Corporation (NYSE: FICO) declined from $436.69 per share on February 19, 2020, to as low as $251.40 per share on March 17, 2020.

Those who purchased shares of Fair Isaac Corporation (NYSE: FICO) 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.

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