Navigant Issues Statement about U.S. Attorney’s Office Conclusion of Investigation with No Wrongdoing Indicated

  Navigant Issues Statement about U.S. Attorney’s Office Conclusion of
  Investigation with No Wrongdoing Indicated

Chief Executive Officer, Julie Howard, Offers View on Conclusion & Underscores
Firm’s Commitment to Integrity

Business Wire

CHICAGO -- November 27, 2013

Navigant Consulting, Inc. (“Navigant”) announced today that the United States
Attorney’s Office for the Eastern District of New York (“USAO”) has informed
Navigant it has closed its investigation into the matters outlined in a report
by the Moreland Commission on Utility Storm Preparation and Response (the
“Commission”). The USAO investigation did not indicate any findings of
wrongdoing on the part of Navigant or any of its individual employees
referenced in the Commission’s report. The report related, in part, to
Navigant’s work for its long-standing client, the Long Island Power Authority
(“LIPA”).

Julie Howard, Chief Executive Officer of Navigant, said, “The USAO’s
investigation yielded the outcome we were expecting: that Navigant and its
professionals operated with complete integrity and in accordance with our
contracts and client expectations. Throughout this difficult time, we have
remained steadfast in our conviction that there was no merit to the concerns
raised by the Commission and expected the USAO would reach the same
conclusion. The USAO’s decision fully validates our position.

“As I have previously stated, everyone at Navigant is deeply committed to
acting with integrity, doing the right thing on behalf of our clients and the
firm, and maintaining the high standards for ethics and quality on which
Navigant’s reputation is based.

“We are pleased that the USAO investigation has been favorably resolved. We
are excited to put this matter behind us as we continue to help our clients
address their most challenging business issues.”

Statements included in this press release which are not historical in nature
are forward-looking statements as defined within the Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be identified by
words including “outlook,” “plans,” “goals,” “anticipates,” “believes,”
“intends,” “estimates,” “expects” and similar expressions. These statements
are based upon management’s current expectations and speak only as of the date
of this press release. The Company cautions readers that there may be events
in the future that the Company is not able to accurately predict or control
and the information contained in the forward-looking statements is inherently
uncertain and subject to a number of risks that could cause actual results to
differ materially from those contained in or implied by the forward-looking
statements including, without limitation: the success of the Company’s
organizational changes and margin improvement initiatives; risks inherent in
international operations, including foreign currency fluctuations; ability to
make acquisitions and divestitures; pace, timing and integration of
acquisitions and separation of divestitures; impairment charges; management of
professional staff, including dependence on key personnel, recruiting,
attrition and the ability to successfully integrate new consultants into the
Company’s practices; utilization rates; conflicts of interest; potential loss
of clients; clients’ financial condition and their ability to make payments to
the Company; risks inherent with litigation; higher risk client assignments;
professional liability; potential legislative and regulatory changes;
continued access to capital; and market and general economic conditions.
Further information on these and other potential factors that could affect the
Company’s financial results are included under the “Risk Factors” section and
elsewhere in the Company’s filings with the Securities and Exchange Commission
(SEC), which are available on the SEC’s website or at
www.navigant.com/investor_relations. The Company cannot guarantee any future
results, levels of activity, performance or achievement and undertakes no
obligation to update any of its forward-looking statements.

Contact:

Navigant Consulting, Inc.
Carrie Grapenthin, 312.573.5636
Corporate Communications
or
Paul Longhini, 312.583.5836
Investor Relations
 
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