Kirby McInerney & Squire Announce Notice of Class Action Lawsuit Against Navigant Consulting, Inc.NEW YORK--(BUSINESS WIRE)--Nov. 23, 1999--
The following is an announcement by the law firm of Kirby McInerney & Squire, LLP LLP - Lower Layer Protocol :
Please take notice that a class action lawsuit class action lawsuit
A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax has been commenced in the United States District Court for the Northern District of Illinois The United States District Court for the Northern District of Illinois is the Federal district court whose jurisdiction comprises the following counties, divided into two divisions: on behalf of all purchasers of Navigant Consulting, Inc. (NYSE NYSE
See: New York Stock Exchange : NCI See Liberate. ) common stock between May 6, 1999 and Nov. 22, 1999 (the "Class Period"). The action asserts a claim against Navigant and certain of its officers for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by reason of material misrepresentations and omissions.
On Nov. 22, 1999, the company announced: (i) that several senior officers and directors, including the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman, had been dismissed or had resigned; (ii) that these and other officers had managed during the third quarter of 1999 to obtain loans from the company totaling $17 million; and (iii) that the company's method for accounting for business combinations was being examined by its auditor and might require significant restatement. As a result, Navigant's stock price declined over 70% from its class period high.
The lawsuit seeks to recover losses suffered by investors who purchased Navigant common stock during the class period, excluding the defendants and their affiliates. Plaintiff is represented by Kirby McInerney & Squire, LLP, which specializes in complex litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.
When a person begins a civil lawsuit, the person enters into a process called litigation. , including securities class actions. Kirby McInerney has repeatedly demonstrated its expertise in this field, and has been recognized by various courts which have appointed the firm to major positions in consolidated and multi-district litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling hundreds of millions of dollars, and its achievements and quality of service have been chronicled in published decisions. More information about Kirby McInerney & Squire can be obtained from the firm's website at www.kmslaw.com.
If you are a member of the class described above, you may, not later than sixty days from Nov. 23, 1999, move the Court to serve as lead plaintiff of the class, if you so choose. In order to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action, or have any questions concerning this notice or your rights, please contact:
Ira M. Press, Esq.
Robert Feinstein, Paralegal
KIRBY McINERNEY & SQUIRE, LLP
830 Third Avenue
New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10022
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