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Business Wire  06/10/2014 10:32 AM ET
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Blucora, Inc.

BENSALEM, Pa.--(BUSINESS WIRE)--Jun. 10, 2014-- Law Offices of Howard G. Smith reminds investors that all purchasers of the securities of Blucora, Inc. (“Blucora” or the “Company”) (NASDAQ:BCOR) 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 purchased Blucora securities during the Class Period, you may move the Court no later than July 14, 2014, 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, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Source: Law Offices of Howard G. Smith

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

 

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