FTI Consulting purchased PricewaterhouseCoopers' U.S. The company added over 1,000 employees to its Forensic and Litigation Consulting ("FLC") division since the passing of the 2002 Sarbanes-Oxley Act, which excluded auditors from providing consulting work to their public clients. After 1998, FTI's business focused increasingly on "financial surgery on troubled companies, either through bankruptcy proceedings or in workout situations with creditors." įorensic Technologies International rebranded itself as FTI Consulting in 1998, and in 1999 began trading on the New York Stock Exchange as FCN. It was one of the first litigation support companies to be publicly traded. The company went public in May 1996, raising $11.1 million and debuting at $8.50 a share. Luczak later served as FTI's chairman from 1992 to 1998. History and Acquisitions įorensic Technologies International was founded in 1982 by two engineers, Joseph Reynolds and Daniel Luczak, to provide expert witnesses for litigation and provide visual presentations to demonstrate complex technical issues for juries. As of January 2020, FTI Consulting had the largest restructuring business in the US. Gore, the Major League Baseball steroid investigation, and public relations works for fossil fuel industry clients. The firm was involved in the Lehman Brothers and General Motors bankruptcies, the investigation into the Bernard Madoff fraud, Bush v. FTI Consulting employs more than 7,700 staff in 31 countries and is one of the largest financial consulting firms worldwide. The company specializes in corporate finance and restructuring, economic consulting, forensic and litigation consulting, strategic communications and technology. FTI Consulting (earlier Forensics Technologies International) is a business consultancy firm founded in 1982 and headquartered in Washington, D.C., United States.
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