NEW YORK, NY / ACCESSWIRE / March 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Fair Isaac Corporation ("Fair Isaac Corporation") (NYSE:FICO) concerning possible violations of federal securities laws.
On March 12, 2024, U.S. Senator Josh Hawley sent a letter to the Antitrust Division of the U.S. Department of Justice, urging it to investigate FICO's "potentially anticompetitive practices." In the letter, Senator Hawley asserted that FICO "appears to be using its monopolistic power of the credit scoring market to increase costs for mortgage lenders-an increase that will be passed onto consumers." Senator Hawley accused FICO of "astronomically hik[ing] its prices" "[i]n an apparent abuse of this market power." Following this news, on March 13, 2024, FICO's stock price fell over 5%. To obtain additional information, go to:
https://zlk.com/pslra-1/fair-isaac-corporation-lawsuit-submission-form?prid=71818&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP