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Fair Isaac Corporation

Company NameFair Isaac Corporation
Stock SymbolFICO

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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