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Kendall Law Group to Investigate NIC, Inc. for Shareholders

^{Published on 2010-08-26 15:00:39 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ] a national securities firm led by former federal judge Joe Kendall with attorneys that include a former U.S. Attorney, is investigating NIC, Inc. (NASDAQ: EGOV) for shareholders. The investigation concerns potential breaches of fiduciary duties in connection with an ongoing investigation by the SEC regarding improper reporting of business expenses by a former officer of the company. Concerned long term holders, and those planning to hold onto their NIC shares, are encouraged to contact the Kendall Law Group today at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

"believes that the Company and its Officer should have responded sooner and more completely to indications of potential misconduct by Mr. Fraser involving claiming personal expenses as reimbursable business expenses."

On August 5, 2010, NIC announced the SEC was considering a civil injunction against the company. The company reported the SEC believes the alleged conduct, which concerns then CEO and Chairman Jeffrey Fraser, has been going on for several years without action by company officers. NIC reported the SEC abelieves that the Company and its Officer should have responded sooner and more completely to indications of potential misconduct by Mr. Fraser involving claiming personal expenses as reimbursable business expenses.a The Kendall Law Groupa™s investigation regarding NICa™s government entanglements will continue until answers can be obtained for shareholders.

Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation in the nation. The firm helps shareholders exercise their power to protect their investments when companies break the law. If you are a NIC shareholder, you are encouraged to contact the Kendall Law Group to learn more about your rights.