SOURCE: LECG

August 05, 2008 09:55 ET

Ken Yormark and Peter A. Kyviakidis Join LECG as Managing Directors; Bring Extensive Experience in High Profile Investigations and Financial Consulting

EMERYVILLE, CA and NEW YORK, NY--(Marketwire - August 5, 2008) - LECG (NASDAQ: XPRT), a leading provider of independent expert testimony and strategic advisory services to companies around the world, announced today the addition of Ken Yormark, CPA, CFE, and Peter A. Kyviakidis, CPA in the New York office. The addition of these senior directors continues LECG's momentum in building its forensic accounting capabilities on the East Coast.

Ken Yormark, 51, joins as managing director and co-leader of the forensic accounting practice on the East Coast. He will focus his practice in the areas of forensic accounting, financial investigations and fraud risk. Ken counsels multi-national clients on the Foreign Corrupt Practices Act (FCPA), which has been the focus of Department of Justice and Securities and Exchange Commission action for the past two years.

"I'm looking forward to working with counsel and our clients in assisting with investigations, but also working to develop the preventive tools they'll need to weather the challenges of fraud, regulatory and litigation issues. LECG is a dynamic company and I was impressed by their commitment to the litigation consulting business and to expanding their forensic accounting practice in the northeast," said Yormark.

Yormark developed his expertise in forensic accounting through his work with major closely held businesses and Fortune 500 companies, as well as numerous federal and state agencies. He has identified, analyzed, and resolved problems and testified in matters involving complex financial crimes, corporate fraud, and investigative due diligence.

Yormark comes to LECG from Protiviti, where he was managing director in the business risk group and ran their financial investigations practice. He had previously worked with Berdon LLP, a top 20 accounting firm, where he was partner-in-charge of the forensic and investigative services group. Earlier in his career, he held positions at Deloitte & Touche LLP, as director of forensic and investigative services, and at Kroll, as a director in the forensic accounting practice.

Yormark earned his B.A. in accounting from Queens College in New York. He is a certified public accountant licensed in the state of New York and is a certified fraud examiner.

Peter A. Kyviakidis, 44, also joins as managing director and will focus his practice on forensic accounting and financial advisory consulting services. Prior to retiring from Kroll's financial advisory services group in early 2006, Peter was the group's global professional practice director. In this capacity, Peter was the chief technical resource for all US GAAP and US GAAS client matters. While with Kroll, Peter led some of the group's most complex and high profile client service engagements. Subsequent to his retirement from Kroll, he worked as an independent consultant and expert in malpractice engagements involving two of the Big Four public accounting firms, and provided strategic consulting services to several hedge funds and a leading commercial bank. Kyviakidis provided counsel on issues regarding financial due diligence of target investment entities/securities, risk management and mitigation policies and procedures, and the adoption of Statement of Financial Accounting Standards No. 157 (Statement 157).

"I was very impressed by LECG's reputation in the marketplace and management's vision for future growth," said Kyviakidis. "I'm excited by the opportunities that abound to advise our clients with complex accounting and auditing issues as they relate to litigation and other types of disputes. Additionally, I am looking forward to helping LECG complete its national expansion of a full service forensic accounting and litigation consulting practice."

Kyviakidis began his career at Deloitte & Touche LLP, where he garnered experience in financial statement auditing, forensic accounting, and litigation consulting and financial reporting during his 15-year tenure with the firm.

Kyviakidis graduated summa cum laude from New York University, with a B.S. in both accounting and economics. He is a certified public accountant licensed in the state of New York.

"The addition of Peter and Ken, two leaders in the industry, is an example of our twin commitments to building the premier forensic accounting practice in the industry, and establishing New York as a marquee office," said Richard Boulton, who heads LECG's global finance and accounting services business segment. "These experts bring outstanding credentials, with years of high-level experience on some of the most sensitive matters for global businesses, as well as a strong focus on our firm's core strengths -- client service, collaboration, and teamwork."

About LECG

LECG, a global expert services firm with approximately 800 experts and professionals in 30 offices around the world, provides independent expert testimony, 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 economic and financial analyses to provide objective opinions and advice regarding complex disputes and inform legislative, judicial, regulatory, and business decision makers. LECG's experts are renowned academics, former senior government officials, experienced industry leaders, and seasoned consultants. NASDAQ: XPRT. For more information, go to www.lecg.com.

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