If you are a current long term investor in Navigant Consulting, Inc. (NYSE: NCI) stock and/or if you have any information relating the investigation including whistleblowers and former employees, you have certain options and you should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether the directors and officers of Navigant Consulting, Inc. harmed the company by breaching their fiduciary duties to shareholders. In particular the investigation on behalf of current long term investors in Navigant Consulting, Inc. (NYSE:NCI) focuses on possible shareholder claims that certain of Navigant Consulting’s senior officers and executive were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation in past years.
Navigant Consulting’s CEO earned a total of $1.88million in 2010 including a $275,000 cash bonus. Its Executive Vice President and CFO’s pay rose from $661,000 in 2008 to $908,000 in 2010.
However, Navigant Consulting’s shareholders recently expressed their disdain for executive pay packages by voting “no” on Navigant Consulting's say on pay provision. Navigant Consulting, Inc received only 44.8% support for its pay practices at its April 25 annual meeting, according to a company filing.
Additionally the investigation concerns possible claims that the prior compensation awarded at Navigant Consulting is improper based upon its current operating condition.
Navigant Consulting’s 12months Total Revenue fell from $767.06million in 2007, respectively $810.64imllion in 2008 to $703.66million in 2010. Its Net Income decreased over the same time frame from $33.40million in 07, respectively $40.06million in 08 to $24.06million in 2010.
Shares of Navigant Consulting, Inc. (NYSE:NCI) fell from as high as $21.70 in May 2008 to recently $9.31 per share.
The investigation seeks to determine whether certain senior officers and executives at Navigant Consulting, Inc. were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’
Finally the investigation focuses also on possible shareholder claims that would allow Navigant Consulting (NCI) stockholders to more efficiently influence or control future compensation decisions at Navigant Consulting Inc.
Those who are current long term investors in Navigant Consulting, Inc. (Public, NYSE:NCI) stock and/or those who have any information relating the investigation including also whistleblowers and former employees, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
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The Shareholders Foundation, Inc. is a professional portfolio legal monitoring service and 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.