Tax threshold Apr 10, 2008
At FTI Consulting, CEO Jack Dunn was paid a base salary of $1. 25 million in 2006, when the company earned $42 million. (USA Today -- Money)
No Reason To Fear For FTI Apr 3, 2008
FTI Consulting is betting that the U.S. economy won't bounce back anytime soon ... Perhaps accordingly, FTI Consulting (nyse: - - ) shares sank 4. (Forbes -- Markets)
Gephardt to receive Truman Award Apr 2, 2008
He is also a consultant to Goldman Sachs, FTI Consulting and Senior Counsel at DLA Piper Law Firm. Lending his voice to issues such as human rights, tolerance and racial reconciliation, he has sought to convey American values in his trips abroad and to establish contacts with other nations and peoples to strengthen America's place in the world. (The Examiner)
Huron plunges on weak forecast Mar 28, 2008
However, JMP Securities' Kevane Wong had said Huron's rival FTI Consulting Inc., with a large restructuring segment, would benefit sooner than Huron. In the consulting business, Huron competes with FTI Consulting and Navigant Consulting Inc.. (Crain's Chicago Business)
ResCap working with FTI to avoid covenant breach as near-term bonds plunge Mar 20, 2008
ResCap, the residential lending arm of GMAC, is working with FTI Consulting on a plan to pledge assets to the companys currently unsecured credit facility, said two sources familiar and two buysiders. Management intends to use that security as a carrot to convince lenders to waive an anticipated breach of the credit agreements minimum net worth covenant, they said. (FT.com -- Markets)
No bonuses for financial consultants in Northwest bankruptcy Mar 1, 2008
Lazard Freres nd FTI Consulting, Inc. both worked as financial advisers to the Committee of Unsecured Creditors in Northwest's case. Lazard got 5. (Sioux City Journal, IO)
Daily Briefing Mar 1, 2008
25 million as a "completion fee." FTI Consulting Inc. FTI got almost $7 million in fees and expenses and sought another $1 million completion fee. Both worked as financial advisers to the Committee of Unsecured Creditors. (Atlanta Journal-Constitution -- Business)
Vulture Fund Makes Deal With Delinquent Homeowners Fleeing Subprime Devil Feb 29, 2008
Servicing is where the rubber meets the road,'' says Ron Greenspan, senior managing director at Baltimore-based FTI Consulting Inc. The company acted as an adviser to creditors in the bankruptcies of lenders including Irvine, California-based New Century Financial Corp., the biggest subprime mortgage lender to seek court protection. If you do it right, it'll give you an opportunity to maximize how you manage your investment in loans,'' Greenspan says. (Bloomberg)
Another Rogue Trader Strikes Feb 29, 2008
Whether or not there is a systemic problem at the firm, MF immediately shored up its retail order system and hired FTI Consulting (nyse: - - ) to review what went wrong. Only a few MF global brokers have personal trading accounts, and they are not allowed to trade in products that they sell as brokers, Davis says. (Forbes -- Business)
Judge OKs Fees of Nearly $50 Million for Delphi Lawyers, Advisers Feb 22, 2008
Other big earners included FTI Consulting, Ernst , KPMG and PricewaterhouseCoopers, which all were paid more than $4 million in fees and expenses for work from June to September. That was near the end of a year in which Delphi posted a net loss of $3. (Law.com)
FTI Consulting Acquires Thompson Market Services, Ltd. Feb 20, 2008
-Significantly Expands Chinese Market Presence- -Greatly Expands Chinese Intellectual Property and Brand Protection Practice- HONG KONG, Feb. 19 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: ), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced the acquisition of Thompson Market Services Limited ("TMS"), a full range intellectual property and brand protection service firm ... Bill and the rest of the senior... (PR Newswire)
Kerviel Haunts Credit Agricole, D. Carnegie, HSBC, Toronto Dominion Too Feb 8, 2008
Banks tend to have very strong controls to prevent people from stealing from the institution, but much weaker controls to prevent people from stealing for the institution,'' said Mark Rasch, managing director at Baltimore-based FTI Consulting Inc., which advises companies on security issues. Hayes said she has represented three traders fired from different investment banks over the past 18 months. (Bloomberg -- Canada)
Dennis Carlton Rejoins FTI Consulting's Compass Lexecon Practice Jan 31, 2008
- Enhances the Strongest Team of Economic Consultants in the Industry - BALTIMORE, Jan. 30 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: ), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, announced today that Professor Dennis W. Carlton, recently nominated by the president to serve on the Council of Economic Advisers, has rejoined the Company's Compass Lexecon economic consulting team after serving as Deputy Assistant... (PR Newswire)
Rogue traders can strike anytime, anywhere Jan 31, 2008
"All of the things that make a great trader make a great fraudster, too," said Mark Rasch, a specialist with FTI Consulting who previously ran the U.S. Justice Department's computer crimes unit. Even the regulator who helped calm U.S. financial markets after the terrorist attacks of Sept. 11, 2001, worries about the terror that a lone trader might wreak on the world's biggest banks and securities companies. (International Herald Tribune -- Business)
Microchips everywhere: Retail gold, but bane for privacy hounds Jan 28, 2008
Using sniffers, companies can invisibly rifle through peoples pockets, purses, suitcases, briefcases, luggage and possibly their kitchens and bedrooms anytime of the day or night, says Rasch, now managing director of technology at FTI Consulting Inc., a Baltimore-based company. In an RFID world, Youve got the possibility of unauthorized people learning stuff about who you are, what youve bought, how and where youve bought it. (The Pantagraph newspaper)
Tech: Microchips: Boon for some, bane for others Jan 27, 2008
By placing sniffers in strategic areas, companies can invisibly rifle through people's pockets, purses, suitcases, briefcases, luggage and possibly their kitchens and bedrooms anytime of the day or night, says Rasch, now managing director of technology at FTI Consulting Inc., a Baltimore-based company. In an RFID world, You've got the possibility of unauthorized people learning stuff about who you are, what you've bought, how and where you've bought it. (San Diego Union-Tribune)
Some Businesses are Still Thriving Jan 26, 2008
And business advisers such as Baltimore's FTI Consulting Corp., which helps troubled companies reinvent themselves, are doing well. Customers include residential homebuilders and subprime lenders, says company chairman Dennis J. Shaughnessy. (Realtor Magazine Online)
Ads made just for you Jan 26, 2008
By placing sniffers in strategic areas, companies can invisibly "rifle through people's pockets, purses, suitcases, briefcases, luggage and possibly their kitchens and bedrooms anytime of the day or night," says Rasch, now managing director of technology at FTI Consulting Inc., a Baltimore-based company. In an RFID world, "You've got the possibility of unauthorized people learning stuff about who you are, what you've bought, how and where you've bought it ... It's like saying, 'Well, who wants... (Seacoast New Hampshire)
Lawyers, landlords get boost from slump in economy Jan 22, 2008
And business advisers such as Baltimore's FTI Consulting Corp., which helps troubled companies reinvent themselves, are making out particularly well. Shares in the company rose 121 percent last year and ranked as the top gainer among Maryland stocks. (SunSpot.net)
FTI promotes four local consultants to senior managing director Dec 28, 2007
Four Middle Tennessee executives have been promoted to senior managing director at FTI Consulting, Inc. ... FTI Consulting (NYSE:FCN) works with clients on business issues in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. (Nashville Business Journal, TN)
// • • • • • • • • Company In The News:• FTI Consulting Steps Out To Create Global Footprint Nov 20, 2007
Investor's Business Daily: FTI Consulting Steps Out To Create Global Footprint ... FTI Consulting Steps Out To Create Global Footprint ... FTI Consulting () has been based in Baltimore since its founding in 1985, but you'd never know it from its last earnings report, which was datelined London. (Investors Business Daily)
Investor Vote Tomorrow Over Control of Failed Bear Stearns Hedge Fund Postponed Amid Irregularities Nov 7, 2007
Shareholders in two separate feeder funds that channeled money into one of the failed funds, the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage fund, have launched the campaign aimed at replacing Bear Stearns with FTI Capital Advisers, LLC, a FINRA-registered broker/dealer, and wholly-owned subsidiary of FTI Consulting, Inc., a world renowned entity specializing in forensic accounting and investigations. Should investors prevail, it will set the stage for an independent... (PR Newswire)
FTI Consulting builds turnaround expertise and eyes $1B in sales Nov 1, 2007
Members: Not Registered. for free extra services. (Baltimore Business Journal, MD)
Pharmed files for bankruptcy Oct 30, 2007
It asked the court to authorize FTI Consulting and Keith F. Cooper as chief restructuring officer. A hearing is scheduled for 1:30 p.m., Tuesday, in the Claude Pepper Federal Building in downtown Miami. (South Florida Business Journal, FL)
Delphi Lawyers, Advisers Ask Court to Approve $65 Million in Fees Oct 6, 2007
Ernst LLP and FTI Consulting Inc. each filed bills of more than $5 million. Troy, Mich. (Law.com)
Sunrise Provides Status Report on Special Independent Committee Investigation; Provides Updates on Management's Internal Control Review Efforts and on Legal Proceedings Sep 29, 2007
In support of the investigation, WilmerHale engaged FTI Consulting, Inc. and Huron Consulting Group, forensic accounting firms, to provide technical accounting guidance and analysis, as well as to assist with document collection and review, interview support, and transaction review. The Special Independent Committee has now concluded the fact-finding portion of its investigation with respect to three issues. (PR Newswire)
eBay info theft questions remain Sep 27, 2007
"What makes this a big deal isn't just the amount of data compromised, but rather that this involves eBay," said computer security expert Mark Rasch, managing director of technology at FTI Consulting. As the world's largest online marketplace, eBay stores financial data on millions of users, and its platform is used to transact billions of dollars in sales. (InfoWorld)
Judge Denies $4.2M in Bonuses for Northwest Bankruptcy Lawyers Sep 12, 2007
Gropper delayed ruling on bonus requests from financial advisers FTI Consulting and Lazard Freres TI has asked for $1 million, on top of $6 million in fees. Lazard seeks $3. (Law.com)
Citigroup arm closes door on strangers Sep 10, 2007
Loss of warehouse credit might have led to all of this year's 15 bankruptcy filings, said Ronald Greenspan, senior managing director for FTI Consulting, a Baltimore firm that advises creditors. "Our decisions are based on our continued evaluation of the current and evolving market environment," Citigroup said in an email that did not confirm the decision. (Sydney Morning Herald -- Business)
Growth Slows Sep 6, 2007
com Inc. (AMZN),CANADIAN PACIFIC RLWY (CP),FTI Consulting Inc. (FCN),Mattel Inc. (MAT),Yahoo ... The investors want FTI Capital, a unit of FTI Consulting (), to take the reins away from Bear, The Wall Street Journal , citing a document filed by John C. Crittenden III, a managing director at FTI Capital Advisors, in New York federal bankruptcy court ... com Inc. (AMZN),CANADIAN PACIFIC RLWY (CP),FTI Consulting Inc. (FCN),Mattel Inc. (MAT),Yahoo. (SmartMoney)
Self-confessed 'unbelievable liar' makes markets move Sep 3, 2007
"There are tens of thousands of people who have the ability to do this," said Rasch, a lawyer in Washington who now works at FTI Consulting. Companies that have been targeted by Niren typically have not known him by that name. (International Herald Tribune -- Business Asia)
Gold Fields Bidder Leaves Twisted Trail From Homeless Shelter to Argentina Sep 1, 2007
There are tens of thousands of people who have the ability to do this,'' said Rasch, a lawyer in Washington who now works at FTI Consulting Inc., which advises businesses on security issues. Enforcement is relatively random. (Bloomberg)
Monster's data breach, subsequent security efforts highlight uneven online practices Sep 1, 2007
said Mark Rasch, a former federal cybercrime investigator now with FTI Consulting Inc.. Another problem is that companies are hesitant to put up blockades that can annoy legitimate users. (San Diego Union-Tribune -- Business)
Sarbanes-Oxley's Legacy Of Compliance Aug 14, 2007
The global business advisory firm FTI Consulting (nyse: - - ), along with its Corporate Board Member magazine team, issued a report showing that almost half of board members and general counsels say they spend more time on risk management now than ever before. However, only about a quarter of those surveyed said that would be the case in the near future. (Forbes)
American Home to Declare Bankruptcy, Employees Told by Managers Aug 5, 2007
A group of American Home's creditors have agreed to hire FTI Consulting Inc., a Baltimore-based advisory firm specializing in bankruptcies and financial restructurings, Ronald Greenspan, senior managing director in FTI's Los Angeles office, said yesterday. The firm served this year as the financial adviser to creditors in the bankruptcies of New Century; Middletown, Connecticut-based Mortgage Lenders Network and ResMae Mortgage Corp.. (Bloomberg)
Firms bridging the gap between IT and the law Aug 3, 2007
Adam Cohen, senior managing director, technology at FTI Consulting in New York, said he has seen several of his clients, all Fortune 100 companies, add such positions ... Adam Cohen, senior managing director, technology at FTI Consulting in New York, said he has seen several of his clients, all Fortune 100 companies, add such positions. (SearchCIO.com)
Retailers Not Exactly Where Visa Wants Them to Be Aug 1, 2007
"How do they know they re not? If you were to ask me, 'Are your doors locked?', I'd say 'Of course they are.' That is, until I find one that isn't," said Mark Rasch, a legal security consultant with FTI Consulting and the former head of the U.S. Justice Department's high-tech crimes unit. "This is the equivalent of going out to the top 100 companies and asking, 'Are you violating any securities laws?'". (eWeek)
Jorge Celaya Jul 11, 2007
FTI Consulting appoints new CFO - Baltimore Business Journal ... FTI Consulting appoints new CFO. (Baltimore Business Journal, MD)
Centene Corp. Jun 26, 2007
Gephardt also is a consultant to The Goldman Sachs Group Inc. and a senior adviser to FTI Consulting Inc. He is a director of Unites States Steel Corp., Spirit AeroSystems Holdings Inc. and St. Louis-based (NYSE: CNC). Overland Park, Kan. (St. Louis Business Journal, MO)
Magazine names Kirkpatrick & Lockhart top corporate firm Jun 17, 2007
was cited as the best corporate law firm in Pittsburgh, according to the seventh annual Legal Industry Research Study conducted by Corporate Board Member magazine and FTI Consulting ... FTI Consulting is based in New York City. (Pittsburgh Business Times, PA)
Sniffing Out the Best Small Caps Jun 11, 2007
We still own Philadelphia Consolidated (), Quanta Services (), FTI Consulting (), Sotheby's (), Manhattan Associates (), and CommScope () I'd say many of our top 25 holdings are ones that we've held for a considerable time. In this market, if you've got your fundamentals right on a stock and earnings direction correct, the best policy is to hang on to your names. (BusinessWeek)
Sale of subprime lenders signals turnaround Jun 5, 2007
The company started trying to sell itself early in 2006, before the industry's troubles caught the attention of Wall Street, said Bill Nolan, senior managing director at FTI Consulting, a financial adviser to creditors of four of the five biggest subprime lenders in bankruptcy, including ResMae. By January, when investment banks began cutting off the funds that subprime lenders needed to make loans, ResMae had organized an auction for its lending unit and lined up enough credit to stay in... (International Herald Tribune -- Business)
Eaton Vance's Tooke Turns Around Small-Cap Fund With `Unloved' U.S. Stocks Jun 1, 2007
Tooke's five biggest holdings at the end of March were Jarden Corp., the Rye, New York-based maker of camping and outdoor equipment such as Coleman grills; Sioux City, Iowa-based Terra Industries Inc., which makes liquid-nitrogen fertilizer; Central European Media Enterprises Ltd. of Bermuda, the owner of television networks in the Czech Republic and five other eastern European countries; database-software company Sybase Inc. in Dublin, California; and Baltimore-based FTI Consulting Inc.. Energy... (Bloomberg)
Distressed investing takes creative turn May 24, 2007
The rules of engagement in corporate restructurings have changed in recent years, there are too many hedge funds all hunting for that tiny hidden gem in the process and hoping to maximise its value, says Dewey Imhoff, a senior managing director at FTI Consulting. This inventiveness was born of necessity, says Mr Imhoff. (FT.com -- Markets)
Apollo's makeover proves costly May 23, 2007
Since mid-November, Apollo has paid FTI Consulting $130,000 a month for the services of Joseph D'Amico, its acting chief financial officer. That works out to an estimated $780,000 to date and doesn't include first-class travel between Phoenix and Chicago. (AZCentral -- Business)
Colorado company interested in Veco May 20, 2007
Amy Menard, an attorney for Veco, had said in the wake of the guilty pleas that FTI Consulting Inc., a large Baltimore-based firm, would review the company's corporate operations and practices, with initial results expected by this week. Menard did not return a phone call seeking comment Friday. (Anchorage Daily News)
Veco's oil field customers plan to stick with company for now May 9, 2007
Anchorage Daily News. However, we're encouraged at Veco's pledge to commission an independent review of corporate operations and practices. (Anchorage Daily News)
Gas price jump comes early May 9, 2007
"It's a little bit of a frightening situation," said energy economist Andrew Weissman of FTI Consulting in Washington. "Gasoline stocks are the lowest they have been in seven years," he added, with inventories dropping for 12 straight weeks. (Chicago Tribune)
Secrets of Top Hedge Funds May 9, 2007
"The emerging-markets sector is growing very fast," says Charles Lundelius, senior managing director at FTI Consulting (). Such market-beating returns are known as "alpha." That's the term that describes a fund that beats the average, or "beta," for its particular sector. (BusinessWeek)
Teen hacks AOL, infects systems Apr 27, 2007
One doesn't have to be a computer genius to carry out the alleged acts thanks to the free availability of multiple hacking tools, said Mark Rasch, managing director of technology at FTI Consulting. "Even a disgruntled kid working alone can throw a virtual tantrum and cause a significant amount of damage to a large technology corporation," Rasch said. (InfoWorld)
Internet key in probe of Va. Tech gunman Apr 26, 2007
An examination of a computer is "very revealing, particularly for a person like this," said Mark Rasch of FTI Consulting, a computer and electronic investigation firm. "What we find ... particularly with people who are very uncommunicative in person, is that they may be much more communicative and free to express themselves with the anonymity that computers and the Internet give you.". (Herald Online, SC -- Technology)
Payoffs to Colombian terrorists scrutinized Apr 16, 2007
The truth is that this happens on a very broad scale,'' said Simon Strong, managing director and head of the Miami office of FTI Consulting, a political risk specialist. In the end they [the companies] are between a rock and a hard place. (The Miami Herald)
White House E-Mail Recovery Not Trivial Apr 14, 2007
"I read that and I laughed," said Mark Rasch, managing director for technology at FTI Consulting Inc. "Senator Leahy is wrong when he says it's a trivial matter, but it's also not correct to say they cannot be recovered.". The life span of e-mail has become an issue after the White House said it may have lost electronic messages from Karl Rove and other administration officials. (ABC News -- Wire)
Mutual Funds &Personal Finance Apr 4, 2007
IBD: FTI Consulting, () a top holding, is the sort of name that can benefit from current events, isn't it. Votruba: Yes, they popped more than 4 on Feb. 15. (Investors Business Daily)
What If TJX Did Everything Right? Mar 31, 2007
In the words of former federal prosecutor and currently managing director for FTI Consulting Mark Rasch: "It's really easy to say that TJX screwed up. A more frightening thought is that they didn't.". Before we get into the scary scenario that TJX IT managers were model IT citizens which would truly mean that today's cyber-thieves could execute such a huge breach on any major retailer at any moment let's take a look at the new details they revealed in their government filing. (eWeek)
Viacom's Expensive Suit Mar 29, 2007
The two mammoth antitrust cases waged by the U.S. Justice Department against IBM (nyse: - - ) and Microsoft (nasdaq: - - ), says Mark Rasch, a managing director at FTI Consulting (nyse: - - ), an economic, forensic and litigation consulting group. The IBM case, which began in 1969 and stretched on until 1982, generated some $200 million in fees, as well as 950 depositions and trial witnesses, 726 days of trial, 17,000 exhibits, and 104,400 pages of trial transcripts. (Forbes -- Technology)
Citadel OKd to buy bankrupt mortgage lender Mar 6, 2007
approved the sale on Monday afternoon, Ron Greenspan, a financial adviser for ResMae's creditors at FTI Consulting, told Reuters by e-mail. A person familiar with the offer said Chicago-based Citadel, one of the world's biggest hedge fund managers with $13. (Crain's Chicago Business)
Retail Podcast: TJX data breach Shakes Retail Industry Mar 2, 2007
Panelists include Sucharita Mulpuru, Senior Retail Analyst, Forrester Research; Mark Rasch, a former federal prosecutor and currently the managing director at FTI Consulting; Greg Buzek, CEO, IHL, and Paula Rosenblum of the Retail Systems Alert Group. Host: Evan Schuman. (eWeek)
PCI DSS auditors see lessons in TJX data breach Mar 1, 2007
Roger Nebel, director of strategic security for Washington D.C.-based FTI Consulting, said fines will almost certainly be imposed on TJX because it was clearly negligent in holding onto unencrypted cardholder data, a direct violation of the PCI DSS.. Framingham, Mass. (Search Security, MA)
TJX: Data Theft Began in 2005; Data Taken from 2003 Feb 22, 2007
Mark Rasch, the managing director for technology at FTI Consulting in Washington, D.C. and a former federal prosecutor for high-tech crimes, said the continuing piecemeal disclosures from TJX of deeper and deeper penetrations of older data is potentially making a bad situation much worse. "It's one thing to shoot yourself in the foot. It's another thing to reload," Rasch said. (eWeek)
Major indexes eke out gains despite swings in trading Feb 21, 2007
90, and FTI Consulting Inc. advanced $1. 40 to $34. (Sunspot.net -- Business)
FTI wraps up 'transformative year' with sales surge Feb 16, 2007
In a news release, CEO Jack Dunn called 2006 "a transformative year for FTI Consulting in which we executed on all of our major objectives.". FTI has long been known as a corporate turnaround and restructuring firm. (Baltimore Business Journal, MD)
Gephardt to consult for Baltimore firm Jan 19, 2007
FTI Consulting Inc. (NYSE: FCN), based in Baltimore, has locations in 25 major U.S. cities, London, and Melbourne, Australia. It provides consulting and technology services to major corporations, financial institutions, and law firms primarily in the United States. (St. Louis Business Journal, MO)
Gephardt joining FTI as consultant Jan 19, 2007
Gephardt and his company, , will team with FTI Consulting (NYSE: FCN) through an exclusive agreement, executives said. Terms of the agreement were not disclosed. (Baltimore Business Journal, MD)
