FTI Consulting Reacquires Exclusive Rights to the Trademark and Brand "Lexecon" Outside U.S.
Annapolis, MD - May 18, 2005
FTI Consulting, Inc. (NYSE: FCN), the premier provider of corporate finance/restructuring, forensic/litigation/technology and economic consulting, announced today that it has reacquired exclusive rights to the trademark and brand name “Lexecon” from a group that had licensed the name for nominal consideration from Lexecon's prior owners for non-exclusive use in Europe, Australia and New Zealand. FTI had no financial interest in the operations of the prior users and no consideration was paid for its reacquisition.
Commenting on this move, President and CEO, Jack Dunn said, “Given the recent performance of Lexecon in the U.S. and the increasing globalization of antitrust, regulatory and securities concerns, reacquisition of the name is consistent with our plans to expand our activities abroad and eliminate brand confusion. We will not be acquiring the company or the practitioners who formerly licensed the name, but will be actively looking to hire and expand under that banner.”
About FTI Consulting
FTI is the premier provider of corporate finance/restructuring, forensic/litigation/ technology, and economic consulting. Located in 24 of the major U.S. cities, London and Melbourne, FTI's total workforce of more than 1,000 employees includes numerous PhDs, MBA's, CPAs, CIRAs, CFEs, and technologists who are committed to delivering the highest level of service to clients. These clients include the world's largest corporations, financial institutions and law firms in matters involving financial and operational improvement and major litigation. Additional information is available at: www.fticonsulting.com