Key Developments For Huron Consulting Group Inc.
Huron Consulting Group Inc. (HURN.O) (Nasdaq)
Huron Consulting Group Lowers High End Of Prior FY 2009 Revenue Guidance; Issues FY 2009 Earnings Guidance Above Analysts' Estimates
Huron Consulting Group announced that for fiscal 2009, the Company provided revenues guidance before reimbursable expenses in an updated range of $650-$665 million. The Company also anticipates GAAP loss per share in a range of $(2.01) to $(1.80), non-GAAP adjusted diluted earnings per share in a range of $2.85 to $3.05, loss before interest, taxes, depreciation and amortization in a range of $(13) million to $(8) million, and Adjusted EBITDA in a range of $139 million to $144 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $655 million, EPS of $1.76 and EBITDA of $113 million for the same period.
Huron Consulting Group Launches Huron`s Bank Monitor
Huron Consulting Group announced the launch of Huron`s Bank Monitor, a web-based application that provides users with access to key data on banks.
Huron Consulting Group To Open New Document Review Centers
Huron Consulting Group announced the opening of a new document review center in Washington, D.C., and a relocated and expanded facility in Charlotte, N.C. The Company opened its newest document review center in Washington, D.C. in response to law firm and corporate demand in the region. The Charlotte location will replace a facility located in Rock Hill, S.C., and adds review workstation capacity to better support key financial and banking clients in the area.
Shareholder Class Action Filed Against Huron Consulting Group By The Law Firm Of Barroway Topaz Kessler Meltzer & Check, LLP
Barroway Topaz Kessler Meltzer & Check, LLP announced that it has filed a class action lawsuit in the United States District Court for the Northern District of Illinois on behalf of purchasers of securities of Huron Consulting Group between April 27, 2006 and July 31, 2009 inclusive. The Complaint charges Huron and certain of its officers and directors with violations of the Securities Exchange Act of 1934.
Pomerantz Haudek Grossman & Gross LLP Files Securities Fraud Class Action Against Huron Consulting Group
A securities class action has been filed by Pomerantz Haudek Grossman & Gross LLP, against Huron Consulting Group, Inc. (Huron or the Company) and certain of its top officials. The class action (09 C 04734) was filed on behalf of purchasers of the securities of the Company between April 27, 2006 and July 31, 2009, inclusive (the Class Period), in the United States District Court, Northern District of Illinois. The Complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act and Rule 10b-5 promulgated thereunder.
