FTI Consulting buys part of Penn. competitor

March 01, 2011|By Jamie Smith Hopkins, The Baltimore Sun

Baltimore-based FTI Consulting Inc. said Tuesday that it had acquired part of competitor LECG Corp. for an undisclosed amount.

FTI, which provides business services ranging from forensic accounting to corporate restructuring, purchased LECG's international arbitration and airline competition practices. FTI said it was considering the possibility of acquiring several other divisions of the Pennsylvania-based LECG, which was pressed into a sale by an impending deadline to repay about $28 million in outstanding principal for a maturing loan.

jamie.smith.hopkins@baltsun.com

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