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IN RE HURON CONSULTING GROUP, INC.

No. 1-10-3519.

971 N.E.2d 1067 (2012)

361 Ill. Dec. 545

In re HURON CONSULTING GROUP, INC., SHAREHOLDER DERIVATIVE LITIGATION (Brian Hacias, Plaintiff-Appellant, v. Huron Consulting Group, Inc., a Delaware Corporation; George E. Massaro, Dubose Ausley, James D. Edwards, H. Eugene Lockhart, John S. Moody, and John F. McCartney, In their Capacity as Members of the Board of Directors; Gary Holdren, Gary Burge, and Wayne Lipski, Individually; and PricewaterhouseCoopers, LLP, Defendants-Appellees).

Appellate Court of Illinois, First District, Second Division.

March 27, 2012.

Attorney(s) appearing for the Case

Robert B. Weiser , Brett D. Stecker , Jeffrey J. Ciarlanto , Joseph M. Profy , The Weiser Law Firm, P.C., Wayne, PA, Matthew T. Hurst , Susman Heffner & Hurst LLP, Chicago, IL, for appellant.

Richard W. Clary , Rachel G. Skaistis , Cravath, Swaine & Moore LLP, New York, NY, Richard J. Prendergast , Michael T. Layden , Richard J. Prendergast, Ltd., Chicago, IL, for other appellees.

Thomas P. Cimino, Jr. , Jeanah Park , Vedder Price, P.C., Chicago, IL, for appellee Gary Holdren.

Walter C. Carlson , David A. Gordon , Nilofer Umar , Sidley Austin LLP, Chicago, IL, for appellee Gary Burge.

Charles F. Smith , Gretchen M. Wolf , Skadden, Arps, Slate, Meagher & Flom LLP, Chicago, IL, for appellee Wayne Lipski.

Emily Nicklin , John F. Hartmann , Timothy A. Duffy , Jennifer Cowen , Kirkland & Ellis LLP, Chicago, IL, for appellee PricewaterhouseCoopers, LLP.

OPINION

Justice CONNORS delivered the judgment of the court, with opinion.

¶ 1 Plaintiff Brian Hacias filed this consolidated shareholder derivative lawsuit on behalf of Huron Consulting Group. He asserted several claims of breach of fiduciary duty, unjust enrichment, gross mismanagement, and waste of corporate assets against Huron, the members of its board of directors, and three former executives arising out of accounting irregularities and financial...

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