Fair Isaac Corporation Investigation
The law firm of Kirby McInerney LLP is investigating potential claims against Fair Isaac Corporation (“Fair Isaac” or the “Company”) (NYSE: FICO). This investigation concerns whether Fair Isaac has violated federal securities laws and/or engaged in other unlawful business practices.
On March 15, 2020, Fair Isaac issued a press release stating 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.” Fair Isaac 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, the Company’s shares fell $62.87, or 20.7%, to close at $240.68 per share on March 16, 2020.
If you acquired Fair Isaac securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.