We are investigating Blucora, Inc. (BCOR) (“Blucora” or the “Company”) for potential violations of the federal securities laws.
On January 16, 2020, Blucora announced that its President and Chief Executive Officer (“CEO”), John Clendening, “has departed his roles as executive and member of the Board of Directors” and that Blucora “anticipates announcing a new CEO by the end of January 2020.” Blucora stated that Clendening’s “departure results from differences in views on the scope of Mr. Clendening’s authority as CEO.” On this news, Blucora’s stock price fell sharply during intraday trading on January 16, 2020.