SAN DIEGO, March 17, 2020 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP is investigating potential
violations of the federal securities laws by Fair Isaac Corporation
("Fair Isaac" or the "Company") (NYSE: FICO). Fair Isaac develops
analytic, software, and data management products and services that
enable businesses to automate, enhance, and connect decisions. Fair
Isaac's FICO scores are a measure of risk that banks and credit
card companies use to make lending decisions and are used by Fannie
Mae and Freddie Mac to determine the creditworthiness of mortgage
applicants.
On Friday, March 13, 2020, the
U.S. Department of Justice notified Fair Isaac that it opened an
antitrust investigation. In a press release issued by the Company
on March 15, 2020, Fair Isaac stated
that the probe focuses on "potential exclusionary conduct."
Following 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.
Fair Isaac is also involved in an antitrust suit brought by
credit reporting agency TransUnion. The case was filed in the U.S.
District Court for the Northern District of Illinois. Of particular note, the Court stated
last year that Trans Union
sufficiently pled its antitrust claims. Trans Union alleged that FICO engaged in
practices intended to drive out competition and that Fair
Isaac's exclusive dealings are allegedly unlawful attempts to
maintain monopoly power.
If you have information that could assist in this
investigation, including past employees and others, or if you are a
Fair Isaac shareholder and are interested in learning more about
the investigation, please contact Jim
Baker (jimb@johnsonfistel.com) by email or phone
at 619-814-4471. If emailing, please include a phone
number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action].
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SOURCE Johnson Fistel, LLP