NEW YORK, May 29, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Western District of Washington on behalf of investors who purchased Blucora, Inc. ("Blucora" or the "Company") (Nasdaq:BCOR) common stock between November 5, 2013 and February 20, 2014.
For more information, click here: http://zlk.9nl.com/blucora-bcor.
The complaint alleges that throughout the Class Period defendants misrepresented and/or failed to disclose that: (a) the Company's main web properties were tied to malware, viruses and browser hijackers; (b) Blucora's search volumes had been boosted due to a rise in illicit search traffic; (c) a significant portion of the Company's traffic was derived from malware, illicit traffic, pirated content, and/or click fraud; and (d) the Company's relationship with Google was impaired and thus Google was unlikely to renew its contract with the Company on the same terms as previously arranged.
If you suffered a loss in Blucora you have until July 14, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/blucora-bcor.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP