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TMCNet:  INVESTOR ALERT: Class Action Lawsuit Against Blucora, Inc. Filed By Glancy Binkow & Goldberg LLP

[May 13, 2014]

INVESTOR ALERT: Class Action Lawsuit Against Blucora, Inc. Filed By Glancy Binkow & Goldberg LLP

LOS ANGELES --(Business Wire)--

Glancy Binkow & Goldberg LLP, representing investors of Blucora, Inc. ("Blucora" or the "Company") (NASDAQ:BCOR), has filed a class action lawsuit in the United States District Court for the Western District of Washington on behalf of a class (the "Class") comprising all purchasers of Blucora securities between November 5, 2013, and February 20, 2014, inclusive (the "Class Period").

Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224 or at (212) 682-5340, or by email to shareholders@glancylaw.com to discuss this matter.

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 (News - Alert), Inc., and changed its name to Blucora, Inc. in June 2012. The Complaint alleges that throughout the Clas 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 (News - Alert) was impaired and Google was unlikely to renew its contract with the Company on the same terms as its prior agreement.

If you are a member of the Class described above, you may move the Court no later than 60 days from the date of this Notice 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, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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