FTI Consulting, Inc. v. Orszag

CourtDistrict Court, D. Maryland
DecidedJuly 24, 2025
Docket8:23-cv-03200
StatusUnknown

This text of FTI Consulting, Inc. v. Orszag (FTI Consulting, Inc. v. Orszag) is published on Counsel Stack Legal Research, covering District Court, D. Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
FTI Consulting, Inc. v. Orszag, (D. Md. 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND

. * FTI CONSULTING, INC., + . . Plaintiff, . * . ve . * Civil No. 23-3200-BAH □ JONATHAN ORSZAG, * . ‘ Defendant. □□ □ * . JONATHAN ORSZAG, *

Counterclaim Plaintiff, * eo

FTI CONSULTING, INC. ET AL, Counterclaim Defendants. * * x * * * * * # * * MEMORANDUM OPINION: _ Plaintiff FTI Consulting, Inc. (“FTI”) brought suit against Jonathan Orszag alleging breach of contract and breach of the fiduciary duty of loyalty. ECF 48 (Second Amended Complaint). . Orszag filed a counterclaim against both FTI and against Steven Gunby (collectively “Counterclaim Defendants”), alleging fraud, wrongful termination, breach of contract, tortious interference with business relationships, unjust enrichment, and violations of California state Statutes. ECF 87.! Pending before the Court is the Counterclaim Defendants’ motion to dismiss

| The sealed version of Orszag’s answer and counterclaim is docketed at ECF 87, while ‘the redacted version is docketed at ECF 86. The Court will cite to the complete document provided at ECF 87 but does not include any of the information redacted in ECF 86,

Orszag’s counterclaim. ECF 100. Orszag filed an opposition, ECF 101, and Counterclaim □

Defendants filed a reply, ECF 107. All filings include memoranda of law, while Orszag’s counterclaim and opposition include exhibits.” In addition, Orszag has filed two pending motions to seal, ECFs 88 and 103. □

The Court has reviewed all relevant filings and finds that no hearing is necessary. See Loc. R. 105.6 (D. Md. 2023). Accordingly, for the reasons stated below, the Counterclaim Defendants’ motion to dismiss is GRANTED in part and DENIED in part, while Orszag’s motions to seal are GRANTED. I. | BACKGROUND? A. F actual Background l. Origins of the Relationship In 2003, Orszag co-founded Competition Policy Associates, Inc. (“Compass”), which he describes as “a leading antitrust consulting firm” that provides “advisory and expert services to corporations, law firms, and governments around the world.” ECF 87, at 37 § 27. In 2005, FTI, a . multinational consulting firm, “approached Compass about a potential acquisition, and the parties. reached an agreement for FTI to purchase Compass in a deal valued at approximately $70 million.” id. Thereafter, Compass merged with another consulting firm acquired by FTI, forming Compass Lexecon in January 2008. Jd. at 38 § 27. Following the merger, Orszag served on Compass Lexecon’s Executive Committee and oversaw the firm’s growth worldwide. Id. 4 28.

2 The Court references all filings by. their respective ECF numbers and page numbers by the ECF- generated page numbers at the top of the page. 3 The facts provided in this section are taken from Orszag’s counterclaim and are assumed true for the purposes of the pending motion to dismiss. See Kan. City Live Block 124 Retail, LLC v. Kobe Kan., LLC, Civ. No. 14-3236-GLR, 2015 WL 6151266, at *1 n.1 (D. Md. Oct: 16, 2015) (citing Mylan Lab’ys, Inc. v. Matkari, 7 F.3d 1130, 1134 (4th Cir. 1993)). □ □ 9 .

Orszag describes “periodic disagreements between Compass Lexecon and FT] during the years of their partnership” but avers that “both entities saw the benefit of their relationship, and both profited from it.” ECF 87, at 38 29. However, in 2014, after Gunby became FTI’s President and CEO, the relationship between FTI and Compass Lexecon began to shift. /d. According to Orszag, Gunby “never took the time to understand Compass Lexecon’s business □□□ to develop relationships with its senior staff” and attempted to distance Compass Lexecon from FTI’s Board of Directors, as Gunby “resented” Orszag’s “fierce advocacy for Compass Lexecon’s □ professionals.” fd. at 38-39 ff 29-31. □

2. The 2022-2023 Employment Agreement Negotiations Beginning in 2020, Compass Lexecon’s leadership team sought to “reset the economic relationship between Compass Lexecon and FTI,” but FTI “refused to engage in any meaningful negotiations” for several years. ECF 87, at 39 32-33. In May 2022, frustrated by the lack of progress, the Compass Lexecon leadership presented their “final offer to FTI’s executives and indicated that, if necessary, they would take their proposal to FTI’s Board of Directors to see whether the relationship could be salvaged.” Jd. at 39-40 J 33. This presentation emphasized the profitability of Compass Lexecon for FTI, despite the fact that FTI simultaneously “contributed effectively nothing to Compass Lexecon’s net revenue.” Id. at 40 7 34. It also explained that, without a deal, “two or three of the senior leaders” of Compass Lexecon “would leave in the near term” to open a new firm. Jd.

After contentious negotiations, during which Gunby threated to “bury” Orszag in litigation, Compass.Lexecon’s leadership team finally reached an agreement with FTI in early 2023. ECF 87, at 40 | 35.. As part of this agreement, Orszag states, he and two other Compass Lexecon executives “agreed to enter into a new four-year employment contract, but he insisted that he would |

not be bound by any non-compete agreement going forward,” and stressed as much to FTI’s general counsel in a December 10, 2022. email. id. FTI and Orszag reached a deal on the non- compete issue later that month, with FTI agreeing that the limited non-compete provision in Orszag’s contract would only apply if Orszag were terminated for cause. Id at 41 J 37. On January 15, 2023, Orszag signed the new employment agreement (“Employment Agreement”) Compass Lexecon and FT], which was made effective as of January 1, 2023. Id. at 42 939. Orszag maintains that the Employment Agreement permitted him to “resign for any reason at any time, provided only that he give ‘at least 90 days’ prior written notice to [Compass Lexecon].’” ECF 87, at 43 741 (alteration in pleading). Compass Lexecon, meanwhile, could terminate Orszag “for cause” only in certain circumstances, including if Orszag accrued a criminal conviction, failed to satisfactorily perform material employment duties, committed any dishonest act, or engaged in willful misconduct. Jd at 43-44. 42. Further, in the event of Orszag’s termination for cause, the Employment Agreement required Compass Lexecon to tender notice of the grounds for termination to Orszag within 90 days of the discovery of the offending conduct. Id at 44 7 44. And it required Compass Lexecon to specify the nature of the grounds for termination and provide Orszag at least 30 days to cure the action.’ Id. 945. The nature and form

of any termination “directly impacted” Orszag’s post-termination compensation. Jd. 48. Finally, the employment agreement contained non-solicitation covenants that prohibited Orszag from “affirmatively soliciting business on any specific case or matter that he previously worked on” for the term of the Employment Agreement and for one year thereafter. /d. at 46 450. Orszag notes

4 Orszag explains that the notice provision was not applicable in instances involving criminal activity, ECF 87, at 44 9 45.

that he not only complied with the Employment Agreement but also worked hard to grow and strengthen Compass Lexecon. /d. at 47 451 : 3. Ongoing Conflicts Between ETL and Compass Lexecon Despite the new agreement, the relationship between FTI and Compass Lexecon continued to deteriorate throughout the early months of 2023. Orszag alleges that FTI implemented a problematic billing system “over the objections” of both Orszag and Compass Lexecon, adopted a conflicts position that prevented Compass Lexecon from accepting business in the U.K., and blocked Lexecon from crypto-currency related engagements. ECF 87, at 47-49 JJ 53-55. Asa

_ result, Orszag indicates, the senior leadership team at Compass Lexecon was “livid.” Jd. at 49 □ .56. Multiple members of the team, including Compass Lexecon’s chairman, threatened to resign _ if FTI “did not reverse its position.” Id.

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FTI Consulting, Inc. v. Orszag, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fti-consulting-inc-v-orszag-mdd-2025.