Huron Consulting Group long term investors file lawsuit

June 3, 2010 - PRLog -- Huron Consulting Group, Inc faces a securities class action lawsuit in the United States District Court for the Northern District of Illinois on behalf of purchasers of the securities of Huron Consulting Group, Inc.  between April 27, 2006 and July 31, 2009. Recently a lawsuit on behalf of current long term investors in Consulting Group, Inc.  against certain current and/or former members of Huron’s board of directors and executive officers was filed.

If you are a current long term investor in Huron Consulting Group , including those HURN investors who purchased their shares in 2006 or earlier and continue to hold your HURN shares, you have certain options and you  should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.

Huron Consulting Group Inc., located in Chicago, IL , is an provider of operational and financial consulting services. Several investors in Huron stock filed lawsuits on behalf of purchasers of the securities of Huron Consulting Group, Inc.  between April 27, 2006 and July 31, 2009, in the United States District Court for the Northern District of Illinois alleging that Huron Consulting and others violated securities laws. The lawsuit on behalf of current long term investors alleges breaches of fiduciary duty by certain current and/or former members of Huron’s board of directors, executive officers, and others. In addition the U.S. Securities and Exchange Commission (“SEC”) announced that it is investigating accounting errors at Huron Consulting Group. Huron Consulting ironically is supposed to be that firm that helps clients avoid accounting pitfalls and remain on the right side of the law, but on July 31, 2009, Huron Consulting Group announced that its previously reported financial results for the fiscal years 2006, 2007 and 2008 and the first quarter of 2009 should no longer be relied upon. Huron also announced that CEO and Chairman Gary Holdren resigned, as well as CFO Gary Burge. Shares of Huron Consulting Group (Public, NASDAQ-HURN) traded recently at $22.59 per share, down from a 52weekHigh of $50.66 per share, $71.47 per share in 2008, and over $80 per share in 2007.

Those who are current long term investors in Huron Consulting Group (Public, NASDAQ-HURN), including those HURN investors who purchased their shares in 2006 or earlier and continue to hold their HURN shares, have certain options and should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.

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The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.