NEW YORK (Legal Newsline) – Stockholders for a publicly traded consulting company allege that they have been damaged because they purchased stock at artificially inflated prices.
Monroe County Employees' Retirement System, individually and on behalf of all others similarly situated, filed a complaint on behalf of all others similarly situated on Aug. 3 in the U.S. District Court for the Southern District of New York against The Advisory Board Co., Robert W. Musslewhite and Michael T. Kirshbaum citing the Securities Exchange Act.
According to the complaint, the plaintiff alleges that Monroe County Employees' Retirement System suffered damages from purchasing stocks at artificially inflated prices. The plaintiff holds The Advisory Board Company, Robert W. Musslewhite and Michael T. Kirshbaum responsible because the defendants allegedly misrepresented facts in order to artificially inflate common stock.
The plaintiff requests a trial by jury and seeks compensatory damages, all damages, interest, all legal fees and any other relief as the court deems just. It is represented by Samuel H. Rudman, Alan I. Ellman and Robert D. Gerson of Robbins Geller Rudman & Dowd LLP in Melville, New York, and Thomas C. Michaud of Vanoverbeke Michaud & Timmony, PC in Detroit.
U.S. District Court for the Southern District of New York case number 1:17-cv-05886-LAK