FTI Consulting to Acquire Substantially All European Operations from LECG Corporation
WEST PALM BEACH, Fla., March 14, 2011 /PRNewswire via COMTEX/ --
FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that it expects to acquire from LECG Corporation (Nasdaq: XPRT) the majority of its remaining European operations. The agreement with LECG Corporation is subject to definitive agreements as well as the satisfaction of closing conditions. FTI Consulting has also entered into definitive agreements with certain key employees that will become effective immediately upon the closing of the agreement with LECG Corporation.
The agreement includes three LECG practice groups in Europe: (1) LECG's market-leading competition policy practice, including Dr. Jorge Padilla, with offices in London, Madrid, Brussels and Paris; (2) LECG's financial advisory services practice, including its forensic accounting, valuation and European-based international arbitration practices, based in London; and (3) LECG's tax consultancy group, focused on tax consulting and related valuation and transfer pricing services, also based in London.
Jack Dunn, President and Chief Executive Officer of FTI Consulting, said: "We are thrilled about the prospect of adding these practice groups to our already strong FTI Consulting team in Europe and the UK. The intellectual capital and technical expertise these outstanding professionals bring to our team strengthen our firm in three important ways. First, we will better serve clients on transatlantic mergers through our ability to offer clients a unified team of preeminent competition economists from both the United States and Europe. Second, we will deepen and strengthen our economic and financial advisory services in London, allowing us to better service existing and potential clients in a wide range of matters such as economic and financial regulations, disputes involving international arbitration, intellectual property, valuation, loss of profits and insurance claims issues and forensic accounting matters. Finally, we will expand our leading corporate restructuring and transactional advisory services with the addition of a new offering in corporate tax consulting."
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,600 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
This press release contains forward-looking statements as defined by The Private Securities Litigation Reform Act of 1995. The terms "explore," "evaluate," "may," "will," "could," "anticipate," "plan," "continue," "project," "intend," "estimate," "believe," "expect" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such words. Actual events may differ materially from those discussed by any forward-looking statements. Factors that may cause or contribute to such differences include, without limitation, the uncertainties related to the consummation of any acquisition or other factors relating to any business that is the subject of discussions. Any forward-looking statements represent our discussions only as of today and should not be relied upon as representing our discussions as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if factors change.
SOURCE FTI Consulting, Inc.