NEW YORK, June 9, 2014 (GLOBE NEWSWIRE) -- On May 12, 2014, Scott+Scott, Attorneys at Law, LLP ("Scott+Scott") filed a class action complaint against Blucora, Inc. ("Blucora" or the "Company") in the U.S. District Court for the Western District of Washington. The complaint was filed on behalf of those persons and entities who purchased or otherwise acquired Blucora securities (Nasdaq:BCOR) between November 5, 2013 and February 20, 2014 (the "Class Period") and seeks remedies under the Securities Exchange Act of 1934.
Investors who purchased Blucora securites during the Class Period and wish to serve as a lead plaintiff in the class action must move the Court no later than July 14, 2014. Members of the investor class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain absent class members in the lawsuit.
The securities class action charges that, throughout the Class Period, Blucora made false and/or misleading statements, as well as failed to disclose material adverse facts about Blucora's business, operations, and prospects. The complaint alleges that when this adverse information became known, the Company's share prices declined significantly.
If you wish to view the complaint, discuss the Blucora litigation, or have questions concerning this notice or your rights, please contact Michael Burnett of Scott+Scott at firstname.lastname@example.org, (800) 404-7770, or (860) 537-5537, or visit the Scott+Scott website for more information: http://www.scott-scott.com.
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide.
CONTACT: Michael Burnett Scott+Scott, Attorneys at Law, LLP (800) 404-7770 (860) 537-5537 email@example.comSource: Scott+Scott LLP