LECG Corporation (XPRT) news stock charts
LECG Corporation (XPRT) Investment Summary:
The following discussion and other parts of this Annual Report on Form 10-K concerning our future business, operating and financial condition and statements using the terms "believes", "expects", "will"' "could", "plans", "anticipates", "estimates", "predicts", "intends", "potential", "continue", "should", "may", or the negative of these terms or similar expressions are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations as of the date of this Report. There may be events in the future that we are not able to accurately predict or control that may cause actual results to differ materially from expectations. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001047469-08-002839.html#FIS_BUSINESS"www.lecg.com
642 Employees
Founded in 1988
LECG CORP (XPRT:NASDAQ)
LAST $2.99 USD
CHANGE TODAY -0.01 -0.33%
VOLUME 17.7K
As of 11:37 AM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of LECG CORP (XPRT)
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OPEN
$3.00
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PREVIOUS CLOSE
$3.00
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DAY HIGH
$3.13
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DAY LOW
$2.99
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52 WEEK HIGH
06/5/09 - $4.29
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52 WEEK LOW
03/23/09 - $1.76
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MARKET CAP
110.2M
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AVERAGE VOLUME 10 D
32.4K
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EPS TTM
$-0.44
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SHARES OUTSTANDING
36.9M
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XPRT Does Not Pay Dividends
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P/E TTM
--
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| K = Thousands M = Millions B = Billions | ||
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Key developments for LECG CORP (XPRT)
LECG Corporation and Certain of Subsidiaries Enter into Sixth Amendment to Credit Agreement
03/16/2010
LECG Corporation and certain of subsidiaries entered into a Sixth Amendment to credit agreement and Consent and became a co-borrower with SMART Business Advisory and Consulting, LLC under a Credit Agreement with the Bank of Montreal and the syndicate bank members. The Credit Agreement provides for a $40.8 million term loan which is guaranteed by LECG and domestic subsidiaries. The term loan matures on March 31, 2011. In connection with the Amendment, made a $4.0 million principal payment at closing (March 10, 2010), and required to make subsequent quarterly principal payments of $3.0 million beginning on June 30, 2010 through December 31, 2010. The remaining outstanding principal is due in full on March 31, 2011. Interest is payable quarterly at a rate consisting of a Base Rate plus a rate per annum equal to 6.50% for Base Rate Loans, or an adjusted LIBOR rate plus 7.50% for Eurodollar Loans. The Base Rate is the greater of (i) 3%, (ii) BMOs prevailing prime commercial rate, (iii) the Federal Funds Rate plus 0.5%, or (iv) LIBOR plus 1.5%. The current interest rate in effect as of the date of the Amendment was 9.75%. The company paid approximately $0.2 million in fees related to the Amendment, which will be amortized over the remaining term of the credit agreement.
LECG Corporation Announces Management Changes ; Files Second Amended and Restated Certificate of Incorporation
03/16/2010
LECG Corporation announced the resignation of Mr. Michael Jeffery as the Chief Executive Officer of LECG became effective on March 14, 2010 and effective on March 15, 2010, the Board of Directors of LECG appointed Steve Samek as the Chief Executive Officer of LECG. Mr. Samek has been Chief Executive Officer of Smart since November 2008. On March 10, 2010, LECG filed a Second Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware. On December 22, 2009, LECGs stockholders approved the Second Amended and Restated Certificate of Incorporation to increase the authorized capital stock of LECG from 205 million total shares, of which 200 million shares are common stock and 5 million shares are preferred stock, to 215 million total shares, of which 200 million shares are common stock and 15 million shares are preferred stock. The Amended Charter made no other substantive changes to LECGs previous certificate of incorporation. On March 10, 2010, upon the closing of the Merger and the Investment, an amendment to LECGs bylaws became effective, which provides that any LECG stockholder that holds 20% or more of the outstanding voting power of LECGs voting stock may call a special meeting of LECGs stockholders.
LECG Corporation expected to Report Q1 2010 Results on April 27, 2010. This event was calculated by Capital IQ (Created on February 16, 2010).
02/16/2010
LECG Corporation expected to Report Q1 2010 Results on April 27, 2010. This event was calculated by Capital IQ (Created on February 16, 2010).
LECG Corporation financial resources
XPRT Competitors
| Company | Last | Change |
| CRA International Inc | $21.83 USD | -0.74 |
| Diamond Management & Technology Consultants Inc | $7.52 USD | -0.30 |
| Exponent Inc | $28.49 USD | -0.59 |
| Information Services Group Inc | $3.52 USD | +0.02 |
| Hackett Group Inc/The | $2.82 USD | 0.00 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | XPRT | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.3x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.3x |
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XPRT |
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XPRT transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About LECG Corporation
LECG CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreem
2010-03-17 05:48:34
Quote: Item 1.01 Entry into a Material Definitive Agreement.
Concurrent with the closing of our merger with Smart Business Holdings, Inc.
(the "Merger"), LECG Corporation ("LECG" or "we," "us" or "our") and certain of
our subsidiaries entered into a Sixth Amendment to Credit Agreement and Consent
(the "Amendment") and became a co-borrower with SMART Business Advisory and
Consulting, LLC under a Credit Agreement with the Bank of Montreal (&quo...Read article
LECG Corporation Completes Merger With Smart Business Advisory & Consulting
2010-03-16 04:49:19
Quote: With the addition of SMART, LECG increases its talent pool of premier consultants and expands its client base to include SMART's Fortune 200 customers. The combined company is expected to generate improved financial performance, with incremental revenues from cross-selling opportunities and SMART's financial advisory and business consulting practices including technology, business process improvement, compensation and benefits, accounting, actuarial and tax."After months of planning, we are exci...Read article
LECG CORP Files SEC form 10-K, Annual Report
2010-03-16 04:49:18
Quote: In the Merger transaction, we acquired 100% of SMART's
outstanding stock, in exchange for which we issued 10,927,869 shares of LECG
common stock, and we assumed approximately $42.8 million of SMART debt as of
March 10, 2010. Simultaneously with the consummation of the Merger, SMART's
majority shareholder, Great Hill Equity Partners III, LP, made a $25.0 million
cash investment into LECG in exchange for our issuance to them of 6,313,131
shares of Series A Convertible Redeemable Preferred Stock. T...Read article
LECG completes purchase of Smart, will move to Smart’s Devon headquarters
2010-03-12 01:09:39
Quote: Smart Business Advisory & Consulting completed its merger into business consulting firm LECG Corp. and announced the combined company would be based in Smart's Devon, Pa., headquarters and operate under the LECG name.Publicly traded LECG (NASDAQ:LECG) of Emeryville, Calif., will acquire all of Smart's outstanding stock. In exchange LECG will issue 10.9 million shares of common stock valued at $39.9 million and assumes about $32.4 million of Smart's net debt as of June 30.LECG wil...Read article
LECG Corporation Completes Merger With Smart Business Advisory & Consulting
2010-03-11 01:15:36
Quote: With the addition of SMART, LECG increases its talent pool of premier consultants and expands its client base to include SMART's Fortune 200 customers. The combined company is expected to generate improved financial performance, with incremental revenues from cross-selling opportunities and SMART's financial advisory and business consulting practices including technology, business process improvement, compensation and benefits, accounting, actuarial and tax."After months of planning, we are exci...Read article
LECG Corporation Provides Update on SMART Merger and Announces Fourth Quarter and Fiscal Year 2009 Earnings Date
2010-03-10 04:43:21
Quote: NASDAQXPRTNews), a global expert services firm, today announced that the closing of its stockholder approved merger with SMART Business Advisory & Consulting, LLC, which was expected by end of January 2010, will now occur in February 2010.Additionally, LECG will announce its financial results for the fourth quarter of 2009 ended December 31, 2009, immediately following the close of market on Tuesday, February 16, 2010. The company will host a conference call and live webcast at 5:00 p.m. Eastern...Read article
LECG Corporation Announces Stockholder Approval of SMART Merger
2010-03-10 04:43:21
Quote: NASDAQXPRTNews), a global expert services firm, today announced that its stockholders have approved the merger with SMART Business Advisory & Consulting, LLC, a privately held provider of business advisory services, and the related proposal for LECG to receive a $25 million cash investment from SMART's majority shareholder, Great Hill Partners, as described in the proxy statement for LECG's annual meeting. The election of directors and all the other proposals in the proxy statement were also app...Read article
LECG Corporation Reports Fourth Quarter 2009 and Year-End Results
2010-03-10 04:43:20
Quote: NASDAQXPRTNews), a global expert services firm, today reported financial results for the fourth quarter and full year ended December 31, 2009."Our fourth quarter performance was highlighted by improved activity across most of LECG's business sectors. However, the uncertainty associated with our industry continues to impact visibility, leaving us cautious in the near-term," said Michael Jeffery, LECG's chief executive officer."Longer-term we remain optimistic about LECG's future, including the pe...Read article
Index Engines and LECG Partner to Combine e-Discovery Expertise with Industry Leading Technology
2010-03-10 04:43:20
Quote: LECG has chosen to implement Index Engines technology, the only solution that can collect data from backup tapes without costly restoration, and also process online data at speeds of 1TB. The combination of Index Engines market leading data discovery technology and LECG’s expert services will bring the best of breed solutions to the eDiscovery market.“We are committed to bringing our customers the best solutions possible to enable their eDiscovery and information management projects...Read article
LECG Corporation Provides Update on SMART Merger Timing
2010-03-10 04:43:19
Quote: The merger was approved by the LECG stockholders in December, and had been expected to close in February 2010. The parties agreed to extend the termination date from February 15, 2010 to March 31, 2010 to give the Company and SMART additional time to negotiate a credit facility for the combined companies in connection with the closing of the merger. The Company and SMART are currently negotiating the terms of such a credit facility with their lenders, and expect to conclude those negotiations an...Read article
LECG Corporation Reports Fourth Quarter 2009 and Year-End Results
2010-02-17 08:54:11
Quote: XPRTNews), a global
expert services firm, today reported financial results for the fourth
quarter and full year ended December 31, 2009."Our fourth quarter performance was highlighted by improved activity across
most of LECG's business sectors. However, the uncertainty associated with
our industry continues to impact visibility, leaving us cautious in the
near-term," said Michael Jeffery, LECG's chief executive officer."Longer-term we remain optimistic about LECG's future, including the
pending ...Read article
LECG Corporation Provides Update on SMART Merger Timing
2010-02-17 08:54:10
Quote: The merger was approved by the LECG stockholders in December, and had been expected to close in February 2010. The parties agreed to extend the termination date from February 15, 2010 to March 31, 2010 to give the Company and SMART additional time to negotiate a credit facility for the combined companies in connection with the closing of the merger. The Company and SMART are currently negotiating the terms of such a credit facility with their lenders, and expect to conclude those negotiations an...Read article
LECG CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits
2010-02-17 08:54:09
Quote: Item 1.01 Entry into a Material Definitive Agreement.
On February 16, 2010, LECG Corporation (the "Company"), Smart Business
Holdings, Inc. ("SMART") and Great Hill Equity Partners III, LP, as the
principal stockholder of SMART, entered into Amendment No. 2 (the "Amendment")
to the Agreement and Plan of Merger, dated August 17, 2009, as amended (the
"Merger Agreement") by and among those parties and certain wholly-owned
subsidiaries of the Company.The Ame...Read article
Index Engines and LECG Partner to Combine e-Discovery Expertise with Industry Leading Technology
2010-02-02 03:42:09
Quote: LECG has chosen to implement Index Enginestechnology, the only solution that can collect data from backup tapeswithout costly restoration, and also process online data at speeds of1TB. The combination of Index Engines market leading data discoverytechnology and LECG’s expert services will bring the best of breedsolutions to the eDiscovery market.“We are committed to bringing our customers the best solutions possibleto enable their eDiscovery and information management projects,â€...Read article
LECG Corporation Provides Update on SMART Merger and Announces Fourth Quarter and Fiscal Year 2009 Earnings Date
2010-01-26 02:15:01
Quote: XPRTNews), a global expert
services firm, today announced that the closing of its stockholder approved
merger with SMART Business Advisory & Consulting, LLC, which was expected
by end of January 2010, will now occur in February 2010.Additionally, LECG will announce its financial results for the fourth
quarter of 2009 ended December 31, 2009, immediately following the close of
market on Tuesday, February 16, 2010. The company will host a conference
call and live webcast at 5:00 p.m. Eastern time ...Read article
LECG Corporation Announces Stockholder Approval of SMART Merger
2009-12-23 01:35:11
Quote: XPRTNews), a global expert
services firm, today announced that its stockholders have approved the
merger with SMART Business Advisory & Consulting, LLC, a privately held
provider of business advisory services, and the related proposal for LECG
to receive a $25 million cash investment from SMART's majority shareholder,
Great Hill Partners, as described in the proxy statement for LECG's annual
meeting. The election of directors and all the other proposals in the proxy
statement were also approved ...Read article
LECG CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Fin
2009-11-30 06:16:42
Quote: Item 1.01Entry into a Material Definitive Agreement.
On August 17, 2009, LECG Corporation (the "Company" or "LECG") entered into
an Agreement and Plan of Merger (the "Merger Agreement") with Smart Business
Holdings, Inc. ("SMART") and, solely for purposes of specified sections of the
Merger Agreement, Great Hill Equity Partners III, LP ("GHEP-III"), as the
principal stockholder of SMART. Also party to the Merger Agreement are Red Sox
Acquisition...Read article
LECG Corporation to Present at the William Blair & Company Emerging Growth Stock Conference
2009-11-30 06:16:41
Quote: XPRTNewswww.lecg.com.About LECGLECG, a global expert services and consulting firm, with approximately 700
experts and professionals in 31 offices around the world, provides
independent expert testimony, financial advisory services, original
authoritative studies, and strategic advisory services to clients including
Fortune Global 500 corporations, major law firms, and local, state, and
federal governments and agencies worldwide. LECG's highly credentialed
experts and professional staff conduct e...Read article
Philip Rowley Returns to Expert Advisory Firm LECG to Lead Strategy and Business Development Initiatives
2009-11-30 06:16:41
Quote: Rowley, 45, returns to LECG after serving as president of Resolution
Economics, an economic advisory firm focused on labor and workplace
litigation consulting. Mr. Rowley had previously been with LECG for six
years as a senior managing director and a member of the executive
management team.Mr. Rowley rejoins LECG as the firm continues to expand its core group of
staff experts while developing a growing network of affiliated
professionals whose experience and knowledge base spans multiple industr...Read article
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