According to the Complaint, Navigant Consulting, Inc. is a specialized, global professional services firm.

This action stems from a proposed transaction announced on August 2, 2019, pursuant to which Navigant Consulting, Inc. will be acquired by Guidehouse LLP.

On August 2, 2019, Navigant’s Board of Directors caused the Company to enter into an agreement and plan of merger with Guidehouse. Pursuant to the terms of the Merger Agreement, Navigant’s stockholders will receive $28.00 in cash for each share of Navigant common stock they own.

On August 30, 2019, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on October 8, 2019.