Fair Isaac Corporation
Company Name | Fair Isaac Corporation |
Stock Symbol | FICO |
Status | 1 |
On March 15, 2020, Fair Isaac issued a press release stating that, "[o]n Friday, March 13, 2020, Fair Isaac was notified that the U.S. Department of Justice, Antitrust Division, opened a civil investigation into potential exclusionary conduct by Fair Isaac." 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 share price fell $62.87, or over 20%, to close at $240.68 per share on March 16, 2020, thereby injuring investors.
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