Investors who purchased shares of Huron Consulting Group (NASDAQ:HURN)
The investigation by a law firm concerns whether certain Huron Consulting Group directors and officers breached their fiduciary duties in connection with potential violations of the False Claims Act (“FCA”).
In September 2010, whistleblower filed a complaint alleging that Huron Consulting Group and others caused St. Vincent Catholic Medical Center to receive more than $30 million in inflated outlier payments under the Medicare and Medicaid programs in violation of the federal and state FCA and seeking to recover an unspecified amount of civil penalties.
In 2009 an investor filed a lawsuit on behalf of investors who purchased between April 27, 2006 and July 31, 2009, against Huron Consulting Group alleging defendants issued materially false and misleading statements regarding Huron Consulting Group’s financial results and compliance with Generally Accepted Accounting Principles. Specifically, the plaintiff alleged that the Company mis-accounted for payments made as part of acquisitions. In 2011 that case was settled for $38million.
NASDAQ:HURN shares closed on April 10, 2012 at $36.10 per share..
Those who purchased shares of Huron Consulting Group (NASDAQ:HURN)