We are investigating Fair Isaac Corporation (FICO) (“FICO” or the “Company”) for potential violations of the federal securities laws.
On March 15, 2020, FICO issued a press release stating, in relevant part, that “[o]n Friday, March 13, 2020, FICO was notified that the U.S. Department of Justice, Antitrust Division, opened a civil investigation into potential exclusionary conduct by FICO.” FICO advised investors that the Company “intends to fully cooperate with the Department of Justice and looks forward to a constructive dialogue about the state of competition in our industry.” On this news, FICO’s stock price fell $62.87 per share, or 20.71%, to close at $240.68 per share on March 16, 2020.