San Diego, CA -- (SBWIRE) -- 03/21/2012 -- An investigation on behalf of investors in shares of Huron Consulting Group (NASDAQ:HURN)) was announced concerning potential breaches of fiduciary duties by certain officers and directors at Huron Consulting Group (NASDAQ:HURN) in connection with potentially overbilling Medicare and Medicaid by $50 million while running St. Vincent Catholic Medical Centers.
Investors who are current long term stockholders in Huron Consulting Group (NASDAQ:HURN) shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com 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 (NASDAQ:HURN) 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 (NASDAQ:HURN) and currently hold those Huron Consulting Group (NASDAQ:HURN) shares, have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego