Huron Consulting Group Investor Investigation over potential Wrongdoing by Directors

An investigation for shareholders of Huron Consulting Group over possible breaches of fiduciary duties was announced and NASDAQ-HURN stockholders should contact the Shareholders Foundation at
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* San Diego - California - US

April 5, 2012 - PRLog -- An investigation on behalf of investors in shares of Huron Consulting Group ) was announced concerning potential breaches of fiduciary duties by certain officers and directors at Huron Consulting Group  in connection with potentially overbilling Medicare and Medicaid by $50 million while running St. Vincent Catholic Medical Centers.

If you are a current long term investors in shares of Huron Consulting Group , you have certain options and you should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Huron Consulting Group  concerning whether certain statements of Huron Consulting Group’s business, its prospects and its operations were materially false and misleading at the time they were made. Specifically, the investigation concerns whether certain directors and officers at Huron Consulting Group 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 Friday, March 16, 2012 at $37.83 per share.

Those who purchased shares of Huron Consulting Group  and currently hold those Huron Consulting Group  shares, have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. 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.
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Tags:Hurn, Nasdaq Hurn, Huron, Huron Consulting, Huron Consulting Group, Nasdaq, Investor
Industry:Banking, Business, Finance
Location:San Diego - California - United States
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