U.S. Securities & Exchange Commission
SEC Seal
Home | Previous Page
U.S. Securities and Exchange Commission

Before the

Release No. 68420 / December 13, 2012

Administrative Proceeding File No. 3-14958

In the Matter of

Huron Consulting Group Inc., Gary L. Burge, CPA, and Wayne E. Lipski, CPA



Notice of Proposed Plan of Distribution and Opportunity for Comment

Notice is hereby given, pursuant to Rule 1103 of the Rules on Fair Fund and Disgorgement Plans (“Rules”), 17 C.F.R. 201.1103, of the Securities and Exchange Commission (“Commission”), that the Division of Enforcement has submitted to the Commission the proposed plan for the distribution of $1,294,436.52 paid to the Commission in this matter (“Distribution Plan”).

On July 19, 2012, the Commission issued an Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order and Remedial Sanctions against Huron Consulting Group Inc., a provider of financial and operational consulting services, Gary L. Burge, Huron’s former Chief Financial Officer and Treasurer, and Wayne E. Lipski, Huron’s former Controller and Chief Accounting Officer (collectively, the “Respondents”), for violating various provisions of the federal securities laws. Exchange Act Rel. No. 67472 (July 19, 2012).


Pursuant to this Notice, all interested parties are advised that they may obtain a copy of the Distribution Plan from the Commission’s public website, http://www.sec.gov, or by submitting a written request to Nancy Chase Burton, United States Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-5631. Further, all persons desiring to comment of the Distribution Plan may submit their comments, in writing, within 30 days of the date of this Notice:

  1. To the Office of the Secretary, United States Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090;
  2. By using the Commission’s
    Internet comment form

    (http://www.sec.gov/litigation/admin.shtml); or
  3. By sending an e-mail to rule-comments@sec.gov.

Comments submitted by e-mail or via the Commission’s website should include “Administrative Proceeding File Number 3-14958” in the subject line. Comments received will be available to the public. Persons should only submit information that they wish to make publicly available.


The Distribution Plan provides that the $1,194,436.52 in disgorgement and prejudgment interest, and, if the Commission orders the establishment of a Fair Fund, the $1,100,000 penalty, paid by Respondents be transferred pursuant to Rule 1102(a) of the Rules, 17 C.F.R. 201.1102(a), to the court registry account established for a private class action, Hughes v. Huron Consulting Group Inc., et al., No. 09-cv-4734 (N.D. Ill.) (“Class Action”), for distribution to injured investors in accordance with a plan of allocation approved by the judge in the Class Action. The Division has concluded that distributing funds paid in the Commission’s administrative proceeding through the Class Action’s distribution process is fair and reasonable and an efficient way for the Commission to benefit investors injured as a result of the Respondents’ misconduct.

For the Commission, by its Secretary, pursuant to delegated authority.

Elizabeth M. Murphy

See also:


Modified: 12/13/2012