STEARNS v. NAVIGANT CONSULTING, INC.

No. 99 C 7617.

89 F.Supp.2d 1014 (2000)

Peter C. STEARNS, on behalf of himself and all others similarly situated, Plaintiffs, v. NAVIGANT CONSULTING, INC.; Robert P. Maher; Timothy D. Kingsbury; Barry S. Cain; Stephen J. Denari; and Charles A. Demirjian, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

March 28, 2000.


Attorney(s) appearing for the Case

C. Philip Curley, Fay Clayton, John D. Cummins, Jr., Robert Lawrence Margolis, Robinson, Curley & Clayton, P.C., Chicago, IL, Ronald L. Futterman, Michael I Behn, Futterman & Howard, Chtd., Chicago, IL, Daniel L Berger, Douglas M McKeige, Gerald H Silk, Bernstein, Litowitz, Berger & Grossmann LLP, New York, NY, for Peter C Stearns, on behalf of himself and all others similarly situated, plaintiffs.

Kurt L. Schultz, Hurd Baruch, Robert L. Michels, Brian E. Neuffer, Winston & Strawn, Chicago, IL, David F. Graham, Richard B Kapnick, David Alan Goldberg, Randall D. Lehner, Sidley & Austin, Chicago, IL, for Navigant Consulting Inc, Robert P Maher, Timothy D Kingsbury, Barry S Cain, Stephen J Denari, Charles A Demirjian, defendants.


MEMORANDUM OPINION AND ORDER

CASTILLO, District Judge.

This securities fraud action was filed on November 23, 1999, the day after various news sources revealed a series of loans from the defendant, Navigant Consulting, Inc., to its officers and, allegedly as a result of that revelation, a precipitous decline in the price of Navigant's stock. Predictably, Mr. Stearns was not the only Navigant stockholder to complain; he was simply the first. Thus, on January...

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