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Glancy Binkow & Goldberg LLP, Representing Shareholders of Huron Consulting Group, Inc., Announces There are 20 Days Remaining to Move for Appointment as Lead Plaintiff -- HURN

  • Press Release
  • Source: Glancy Binkow & Goldberg LLP
  • On 8:01 pm EDT, Tuesday September 15, 2009

LOS ANGELES, Sept. 15, 2009 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP announces that all persons or entities who purchased the securities of Huron Consulting Group, Inc. ("Huron" or the "Company") (Nasdaq:HURN - News) between April 27, 2006 and July 31, 2009, inclusive (the "Class Period"), have 20 days until the October 5, 2009, deadline to move the Court to serve as Lead Plaintiff in the securities fraud class action lawsuit. The case filed by Glancy Binkow & Goldberg LLP, Hughes v. Huron Consulting Group, Inc., et al., No. 09-cv-04734, has been assigned to the Honorable Elaine E. Bucklo, United States District Judge for the Northern District of Illinois.

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HURN23.76+0.61
Chart for Huron Consulting Group Inc.
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A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at info@glancylaw.com, or visit our website at http://www.glancylaw.com.

Huron provides consulting services in the United States to help clients in diverse industries improve performance, comply with complex regulations, resolve disputes, recover from distress, leverage technology and stimulate growth. The Complaint charges Huron and certain of its former executive officers with violations of the Securities Exchange Act of 1934, among other things, and further alleges that throughout the Class Period defendants failed to disclose material adverse information concerning Huron's business, operations and prospects, including that: (1) shareholders of four businesses that Huron acquired between 2005-2007 redistributed portions of their acquisition-related payments among themselves and to certain Huron employees; (2) as a result, the Company understated its non-cash compensation expenses; (3) the Company's financial statements were not prepared in accordance with Generally Accepted Accounting Principles; (4) the Company lacked adequate internal and financial controls; and (5), as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

The Private Securities Litigation Reform Act of 1995 ("PSLRA") requires the Court to appoint a "Lead Plaintiff" in this case. Any person or group who suffered a loss as a result of purchasing Huron securities between April 27, 2006 and July 31, 2009, may ask the Court to be appointed as Lead Plaintiff, but must file a motion no later than the October 5, 2009 deadline.

Glancy Binkow & Goldberg LLP is a law firm with significant experience in prosecuting class actions, substantial expertise in actions involving corporate fraud, and is representing shareholders of Huron in this litigation.

If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, or Richard A. Maniskas, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by e-mail to info@glancylaw.com.

Contact:

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Lionel Z. Glancy
Michael Goldberg
Richard A. Maniskas
(310) 201-9150
(888) 773-9224
info@glancylaw.com
www.glancylaw.com

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