On May 6, 2011, the Honorable Elaine E. Bucklo of the United States District Court for the Northern District of Illinois, Eastern Division, granted final approval to a settlement in the amount of $27 million dollars in cash plus 474,547 shares of the common stock of Huron Consulting Group Inc. ("Huron"), (valued at approximately $11 million as of November 24, 2010, based on Huron common stock's closing price at $23.18) in the class action Jason Hughes v. Huron Consulting Group, Inc., No. 09-CV-4734.
Labaton Sucharow is Court-appointed co-lead counsel for lead plaintiffs the Public School Teachers' Pension & Retirement Fund of Chicago, the Arkansas Public Employees Retirement System, the City of Boston Retirement Board, the Cambridge Retirement System and the Bristol County Retirement System and the Class.
The Class alleged that Huron and certain individual defendants made materially false or misleading statements to the investing public in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, which had the effect of artificially inflating the price of Huron's common stock.
If you purchased or otherwise acquired Huron common stock between April 27, 2006 and July 31, 2009, inclusive, and were allegedly damaged thereby, you may be eligible to recover if you submitted a Proof of Claim form with supporting documents by May 5, 2011.
The deadline for objecting to the settlement or for seeking exclusion from the Class was April 22, 2011. A Settlement Fairness Hearing was held on May 6, 2011, at 1:30 p.m. before Judge Elaine E. Bucklo at the Everett McKinley Dirksen United States Courthouse, Courtroom 1441, 219 South Dearborn Street, Chicago, Illinois, 60604.
A copy of the Order for Notice and Hearing, Notice of (I) Pendency and Proposed Settlement of Class Action; (II) Settlement Fairness Hearing; and (III) Motion for Attorneys' Fees and Reimbursement of Litigation Expenses, Proof of Claim and Release form, the Stipulation of Settlement and the Complaint can be accessed by clicking on the links to the right.