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GRIMES v. NAVIGANT CONSULTING, INC.

No. 00 C 7609.

185 F.Supp.2d 906 (2002)

Charles L. GRIMES, individually and on behalf of all others similarly situated, Plaintiff, v. NAVIGANT CONSULTING, INC., Defendant.

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

February 5, 2002.

Attorney(s) appearing for the Case

Richard James Lofgren, B. Franco Laterza, Laterza & Lofgren, P.C., Chicago, IL, David A. Jenkins, Smith, Katenstein & Furlow, Wilmington, DE, for plaintiff.

David F. Graham, Richard Bradshaw Kapnick, R. Rene Pengra, Sidley Austin Brown & Wood, Chicago, IL, Rudolph J. Scaggs, Morris Nichols Arsht & Tunnell, Wilmington, DE, for defendant.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Charles Grimes brings this Rule 10b-5 securities fraud class action against Navigant Consulting ("Navigant"), a consulting company in which he owns 1.8 million shares, about half a million of which were purchased in the class period.1 The gravamen of his complaint is that, in 1999, Navigant defrauded investors by failing to disclose that it had used an improper accounting...

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