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So they now have close to 12 million. Waiting on more info. Getting more interesting.
- is .14 justified?
Looking back to the October presentation - minus the recent Smart acquisition.
minus the few practices that were recently sold, that were not performing well.
I wonder how on earth they could possibly have any trouble with their lenders?
Is there something else to justify .14? or less. The Smart acquisition looked ill timed.
Scratch that and other practices for debt or close to.
http://files.shareholder.com/downloads/LECG/1188813347x0x407020/cf6b4f87-9e59-4023-a56a-1f715500176e/LECG%20Wm%20Blair%2010%205%2010%20Investor%20Presentation%20Final.pdf
Looks like they cut position in half and Eagle just came out too from Feb 28.
Who knows what they are thinking right now..
They could have applied those losses somewhere and wait to see what happens with the debt repayment. That was a ridiculous loss for those guys. @.14 looks like a tremendous value possibility.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7775168
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
LECG CORPORATION
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
523234102
(CUSIP Number)
February 28, 2011
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ X ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
CUSIP No. 523234102
1. NAME OF REPORTING PERSONS
HEARTLAND ADVISORS, INC.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
WISCONSIN, U.S.A.
-------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY None
EACH
REPORTING 6. SHARED VOTING POWER
PERSON
WITH 2,180,271
7. SOLE DISPOSITIVE POWER
None
8. SHARED DISPOSITIVE POWER
2,180,271
-------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,180,271
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ____
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
12. TYPE OF REPORTING PERSON
IA
CUSIP No. 523234102
1. NAME OF REPORTING PERSONS
WILLIAM J. NASGOVITZ
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
-------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES BENEFICIALLY
OWNED BY None
EACH
REPORTING 6. SHARED VOTING POWER
PERSON
WITH 2,180,271
7. SOLE DISPOSITIVE POWER
None
8. SHARED DISPOSITIVE POWER
2,180,271
-------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,180,271
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.7%
12. TYPE OF REPORTING PERSON
IN
Item 1.
(a) Name of Issuer: LECG CORPORATION
(b) Address of Issuer's Principal Executive Offices:
80 Lancaster Avenue
Devon, Pennsylvania 19333
Item 2.
(a) Names of Persons Filing: (1) Heartland Advisors, Inc.
(2) William J. Nasgovitz
(b) Address of Principal Business Office:
All reporting persons may be contacted at 789 North Water
Street, Milwaukee, WI 53202
(c) Citizenship or Place of Organization: Heartland Advisors is a
Wisconsin corporation. William J. Nasgovitz is a United
States citizen.
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 523234102
Item 3.
If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a:
(a)[ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
(b)[ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)[ ] Insurance company as defined in Section 3(a)(19) of the Act
(15 U.S.C. 78c);
(d)[ ] Investment company registered under Section 8 of the Investment
Company Act of 1940(15 U.S.C. 80a-8);
(e)[X]* An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);
(f)[ ] An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
(g)[X]* A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G);
(h)[ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i)[ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment Company Act
of 1940(15 U.S.C. 80a-3);
(j)[ ] A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J);
(k)[ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K).
* The persons filing this Schedule 13G are Heartland Advisors, Inc.,
an investment adviser registered with the SEC, and William J. Nasgovitz,
President and control person of Heartland Advisors, Inc. The reporting
persons do not admit that they constitute a group.
Item 4. Ownership.
(a) Amount beneficially owned:
2,180,271 shares may be deemed beneficially owned within the meaning of
Rule 13d-3 of the Act by (1) Heartland Advisors, Inc. by virtue of its
investment discretion and voting authority granted by certain
clients, which may be revoked at any time; and (2) William J. Nasgovitz,
by virtue of his control of Heartland Advisors, Inc.
Mr. Nasgovitz disclaims beneficial ownership of any shares reported on
the Schedule.
(b) Percent of Class: 5.7%
(c) For information on voting and dispositive power with respect to the
above listed shares, see Items 5-9 of the Cover Pages.
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following:[ ]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The clients of Heartland Advisors, Inc., a registered investment adviser,
including an investment company registered under the Investment Company
Act of 1940 and other managed accounts, have the right to receive or the
power to direct the receipt of dividends and proceeds from the sale of
shares included on this Schedule. The Heartland Value Fund, a series
of the Heartland Group, Inc., a registered investment company, owns
2,180,271 shares or 5.7% of the class of securities reported herein.
Any remaining shares disclosed in this filing are owned by various other
accounts managed by Heartland Advisors, Inc. on a discretionary basis.
To the best of Heartland Advisors' knowledge, none of the other accounts
owns more than 5% of the outstanding stock.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company or
Control Person.
Not Applicable.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certification.
By signing below, the undersigned certify that, to the best of
their knowledge and belief, the securities referred to above were acquired
and are held in the ordinary course of business and were not acquired and
are not held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement
is true, complete and correct.
DATE: March 4, 2011
WILLIAM J. NASGOVITZ HEARTLAND ADVISORS, INC.
By: /s/ PAUL T. BESTE By: /s/ PAUL T. BESTE
Paul T. Beste Paul T. Beste
As Attorney in Fact for Chief Operating Officer
William J. Nasgovitz
(Pursuant to Power of Attorney Previously Filed)
EXHIBIT INDEX
Exhibit 1 Joint Filing Agreement
EXHIBIT 1
Joint Filing Agreement
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act
of 1934, as amended, each of the undersigned hereby agrees to the joint
filing with the other reporting person of a statement on Schedule 13G
(including amendments thereto) with respect to the common stock,
$0.001 par value, of LECG CORPORATION and that this
Agreement be included as an Exhibit to such joint filing.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement
this 4th day of March, 2011.
WILLIAM J. NASGOVITZ
By: /s/ PAUL T. BESTE
Paul T. Beste
As Attorney in Fact for William J. Nasgovitz
(Pursuant to Power of Attorney Previously Filed)
HEARTLAND ADVISORS, INC.
By: /s/ PAUL T. BESTE
Paul T. Beste
Chief Operating Officer
From the FEB 1 PR:
The Company, in conjunction with William Blair & Company, the Company's financial advisor, continues to evaluate a variety of possible senior and subordinated debt and equity financing alternatives. The process is ongoing.
Separately, the Company received a non-binding indication of interest with a view toward entering into a definitive acquisition transaction for the entire firm.
The non-binding indication of interest sets the enterprise value of LECG at $104 million, on a cash free, debt free basis. This implies a value of up to $1 for each outstanding share of common stock after repayment of the Company's existing debt and redemption of the Company's Series A Convertible Redeemable Preferred Stock. Under the terms of the transaction contemplated by the indication of interest, any additional indebtedness incurred by the Company before the closing of the transaction will reduce the implied value of common stock in the transaction. The Company may incur such additional indebtedness to fund operations in the coming periods.
The Company's board of directors has evaluated the indication of interest and has authorized the Company to negotiate definitive documentation with the party on the terms currently reflected in the indication of interest.
There is no assurance that the Company will enter into a binding acquisition agreement with the party or that the terms of such agreement will reflect the terms in the indication of interes
What is the latest on nena? Anything good/bad/
OK now it's time to buy -
Alright gang - how are we handling all this cashlow? Anyone know how many subscribers we have yet? Curious. Please no pm's saying curiosity killed the cat.. you guys need to lighten up a bit - not trying to bash.
I have a dream though for reeltime - One day we watch movies, that wern't made by a community college film student.
Checking on reeltime -
Thought we might have got something that someone might recognize - Tales of the Crypt..................Keepers??
MIPCOM - RLTR did anything positive come from it?
pmunch you are sour grapes over rltr, relax, everyone needs a little Bobby Vinton. I am sure it will take off and will be the first to congratulate you.
Carpet - the trend seems to be your friend, the more everyone slaps each other on the fannies(refrained from different language use) and tells one another how wonderful reeltime is, the cheaper you will get those shares.
How long have most been invested here? Waiting while realstocks charge to 52 week highs -
Back again - do we get any points on Jamal Crawford?
There may be hope for this yet.
Thank you. I will gladly watch Aqua Teen Hunger force and some Kanye Videos over at Joost for free than pay to watch "breakfast with aliens" "Shark in a Bottle" on reellame.
Over and out!
Content really sucks- Mr. nice guys! Hate to break the reality over here.
Are they working hard or working smart - so far I see another lame otc - would rather watch a cactus grow.
Waiting for some real deals here but you know, lionsgate has a ton of really lame movies as well. What if lionsgate and others sell them on equally suck ass material that no-one will really will watch.
Will the pps rise? NO
Get some real content, see some stock movement.
Good Lord - that staff! Is it Halloween already? I am sure this motley crue knows cutting edge movies. The goth chick is obviously on horror movies. The hippee dude is all about the backpacking in Australia. Dude in the middle is dying to get some porn up - which would be brilliant. The animantion geek next to him - wow.
Do we have 1 thing that doesn't suck yet? Just checking.
Was going to go into a negative post about how rltr has Zero flight to quality in pps or recreation..blah blah.. but after checking up on the reeltime.com I did notice a movie called "girls kissing" now this is a step in the right direction fellas - nice one!
I am sure that this film along with "puppy love" will no doubt give a boost to rltr.
Reality Check! The current content sucks!
Lets get on it already Reeltime.
from the blog -
Some of the titles you will be seeing on ReelTime in the near future are:
*World Wide Entertainment Series such as Racing Through Time, Sea Power and X-It.
*Another Enoki Amime series called Monkey Magic.
*More interviews with the cast of the film Rescue Dawn.
*Trailers for some upcoming feature films.
*A reality series from Monarch called "Klondike: The Search for Gold" as well as several hard-hitting documentaries and fun instructional videos!
Never heard of any of them nor would I waiste my time watching them.
Would rather see "300 or any of the trailers that were shown last year or follow through with some of those movie reviews.
The Current content is for dorks or kids who don't have credit cards!
Mall q1 on may 1st - should be strong quarter.
Monk???? Where did he go?
UAMA - Heating up.
OMOG - Oil and Gas! getting some action.
Monk lol - is a frickin enigma! Just kidding - kind of,
He makes som fantastic long term 2 year sometimes less, then disapears from radar for a long time, jumps back on radar long enough to throw out another find... and so on, kids will learn about the man is school someday.
That post should have been placed here,
http://investorshub.com/boards/board.asp?board_id=2052
into Monk plays NOVL - BCGI
OMOG can't believe this hasn't taken off yet - looks like a large naked short, probably sweating his nuts off right now.
should be interesting.
PGIC was MIKN when Monk called this at the low of 3.80, now $12.20
UAMA ready imo!
Monk's MIKN another double, he is the man- no doubt.
Watching Stuart Energy for many reasons,SRNYF
Anyone interested in Li Ka Shing/China & Hydro Transportation should keep on watch.
Hydrogen fuel firm Stuart Energy expects to double third-quarter revenue
Updated at 13:51 on January 15, 2004, EST.
TORONTO (CP) - Stuart Energy Systems Corp. expects to double its quarterly revenue, mainly due to an acquisition in early 2003, the maker of filling stations for hydrogen-fuelled vehicles said Thursday.
For the fiscal third quarter ended Dec. 31, 2003, Stuart Energy said it expects to record sales of about $5.2 million, up 102 per cent from a year earlier and up 35 per cent from the second quarter.
The company's purchase of Vandenborre Technologies N.V. in February 2003 helped Stuart reach its sales objective of triple-digit growth. The expected sales would mark the company's fifth consecutive quarter of record sales revenue.
Stuart Energy also said Thursday it plans to make a public offering of common shares, but did not say how many would be offered, or when.
Shares in Stuart Energy Systems (TSX:HHO) traded up four cents Thursday at $3.72 on the Toronto stock market.
Holding for $2.00 AAC, sooner or later this year imo!
LOOK is breaking out.
Buzz AAC & Icollector business is rocking, plain and simple!
Hey Buzz, will load CXIN tomorrow, looks good, thanks.
BTOR NEWS - Bluetorch Inc. Signs Letter-Of-Intent To License Airwalk Brand Name For Apparel; U.S. Distribution To Commence In July Of 2004
Jump to first matched term
LOS ANGELES, Jan. 6, 2004 (PRIMEZONE) -- Bluetorch Inc. (OTCBB:BTOR) announced today that one of its wholly owned subsidiaries, Total Sports Distribution Inc., signed a letter-of-intent with Colorado-based Collective Licensing International LLC to license the Airwalk(r) name for apparel in the United States market. The Airwalk brand, best known as one of the largest action sports brands in the world, has been marketing and selling apparel for just over two years through major U.S. retailers such as The Sports Authority and J.C. Penney. The impending licensing agreement would allow for Bluetorch's subsidiary Total Sports Distribution to start shipping product into the U.S. market in July 2004.
Bruce MacGregor, President and CEO of Bluetorch Inc. said, "By any standard, Airwalk qualifies as a major brand within our industry. The opportunity to work with a preeminent brand such as Airwalk is truly a tremendous milestone for our company. The Airwalk license will provide Bluetorch with a solid revenue platform for 2004, with the potential for tremendous revenue increases in 2005 and beyond. In the July 2003 issue of Sporting Goods Business, the top 50 sporting goods brands were ranked in terms of brand awareness, and only Quiksilver, among all the other action or extreme sport brands, ranked higher than Airwalk."
Added MacGregor, "We envision following the distribution road map that has already been initiated with Airwalk apparel, which encompasses selling into the department store channel, sporting goods chains and core snowboarding shops."
Bruce Pettet, CEO of Airwalk International LLC said, "As we have undergone the transition of our company to this licensing model, we have been pleased with the overwhelming interest of companies that understand the strength and reach of the brand. We are very excited about our potential relationship with Bluetorch Inc. Obviously, there were many interested parties, but we feel confident that Bluetorch Inc. represents our best opportunity to maximize the full potential of Airwalk apparel."
About Airwalk(r)
Airwalk was launched in the U.S. market in 1986. The brand is considered one of the true pioneers in the action sports market. Today, Airwalk has become a mainstream brand in the global consciousness through the brand's innovative and authentic style.
About Bluetorch Inc.
Bluetorch Inc. is an emerging extreme sports company that is rapidly establishing itself as a one-stop shop in the extreme sports industry with a multi-branded portfolio. Bluetorch Inc. presently markets and wholesales Bluetorch branded apparel and TSA Clothing. Beyond apparel, the Company's goal is to translate the Bluetorch name into a complete lifestyle brand focusing on an eclectic array of products for the core extreme sports enthusiast. The TSA Clothing brand, after over ten years of distribution in the core shops, is now targeting major retailers in both the sporting goods and department store retail segments. Management has a well-defined growth strategy focused on licensing, product diversification, and a marketing program that encompasses the entire spectrum of the extreme sports community. The Company's management philosophy is based on establishing sound fundamentals, which over time will produce consistent earnings for the shareholders. The business model is dir!
ected towards the extreme sports arena, one of the fastest-growing segments in both the sporting goods and apparel industries. The business strategy also calls for further acquisitions and/or licensing agreements that can contribute to an expansion of distribution channels, which in turn can contribute growth in revenues and earnings. For more information or to stay updated on the Company's progress, visit: www.bluetorchinc.net
Investor Contact Information: Marge Rohr at (562) 983-8045 or investors@bluetorchinc.net, and Geoffrey Eiten, OTC Financial Network, (781) 444-6100 x613 or geiten@otcfn.com .
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
-0-
CONTACT: Bluetorch Inc.
Marge Rohr
(562) 983-8045
investors@bluetorchinc.net
OTC Financial Network
Geoffrey Eiten
(781) 444-6100 x613
geiten@otcfn.com
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Monk FTUS your thoughts please.
bluetorch check yourself, your back and forth nonsense posts are giving me a headache. Don't like btor sell it!