February 19, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Blucora Inc (NASDAQ:BCOR) shares over potential securities laws violations by Blucora and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Blucora Inc (NASDAQ:BCOR) concerning whether a series of statements by Blucora Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Blucora Inc reported that its annual Total Revenue rose from $207.65 million in 2009 to $406.92 million in 2012 and that its respective Net Income increased from $7.40 million to $22.53 million.

Shares of Blucora Inc (NASDAQ:BCOR) grew from $5.28 per share in March 2009 to as high as $29.82 per share in November 2013. Since then NASDAQ:BCOR shares declined to $23.81 per share on February 14, 2014.

Then on February 18, 2014 a report was published alleging among other things that Blucora Incs main web properties are tied to malware, viruses and browser hijackers that attack computers, that Blucora Inc's search volumes experienced a significant boost in recent quarters, due to a rise in illicit search traffic (Including child-pornography related searches), and that at least 50% of Blucora Inc's traffic is derived from malware, click fraud, illicit traffic, and otherwise suspect traffic.

Shares of Blucora Inc dropped from $23.81 per share on February 14, 2014 to $19.53 per share on February 18, 2014.