UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
INTERNATIONAL FIGHT LEAGUE, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $0.01 Per Share
--------------------------------------------------------------------------------
(Title of Class of Securities)
45951A101
---------
(CUSIP Number)
December 31, 2008
-----------------
(Date of Event which Requires Filing
of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] 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 on 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 (however, see the
Notes).
------------------- ------------------
CUSIP No. 45951A101 13G Page 2 of 7 Pages
------------------- ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
EagleRock Capital Management, LLC
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ----- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 6,995,526
BY ----- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,995,526
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,995,526
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
------------------- ------------------
CUSIP No. 45951A101 13G Page 3 of 7 Pages
------------------- ------------------
---------- ---------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Nader Tavakoli
---------- ---------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
---------- ---------------------------------------------------------------------
3 SEC USE ONLY
---------- ---------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------- ----- ----------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ----- ----------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED 6,995,526
BY ----- ----------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
WITH ----- ----------------------------------------------------
8 SHARED DISPOSITIVE POWER
6,995,526
---------- ---------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,995,526
---------- ---------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
---------- ---------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.8% (see Item 4)
---------- ---------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
---------- ---------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
SCHEDULE 13G
------------
This Amendment No. 2 to the Schedule 13G (this "Amendment No. 2") is being filed
on behalf of EagleRock Capital Management, LLC, a Delaware limited liability
company ("EagleRock Capital"), and Mr. Nader Tavakoli, the principal of
EagleRock Capital, relating to shares of Common Stock, par value $0.01 per share
(the "Common Stock"), of International Fight League, Inc., a Delaware
corporation (the "Issuer") to amend the Schedule 13G filed on January 9, 2007
(as amended by Amendment No. 1 thereto filed on February 14, 2008, and this
Amendment No. 2, collectively, the "Schedule 13G").
Item 1(a) Name of Issuer:
--------------
International Fight League, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
38 Park Avenue
Rutherford, New Jersey 07070
Items 2(a) Name of Person Filing:
---------------------
EagleRock Capital Management, LLC and Nader Tavakoli.
Item 2(b) Address of Principal Business Office:
------------------------------------
24 West 40th St., 10th Floor
New York, NY 10018
Item 2(c) Citizenship:
-----------
EagleRock Capital is a limited liability company organized
under the laws of the state of Delaware. Nader Tavakoli is a
United States citizen.
Item 2(d) Title of Class of Securities:
----------------------------
Common Stock, par value $0.01 per share
Item 2(e) CUSIP Number:
------------
45951A101
Item 3 Not Applicable
Page 4 of 7
Item 4 Ownership:
---------
The percentages used herein are calculated based upon the
79,058,509 shares of Common Stock issued and outstanding as
of November 1, 2008, as reported on the Issuer's Quarterly
Report on Form 10-Q filed with the Securities and Exchange
Commission on November 20, 2008.
As of the close of business on December 31, 2008:
1. EagleRock Capital Management, LLC
(a) Amount beneficially owned: 6,995,526
(b) Percent of class: 8.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 6,995,526
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
6,995,526
2. Nader Tavakoli
(a) Amount beneficially owned: 6,995,526
(b) Percent of class: 8.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 6,995,526
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition:
6,995,526
EagleRock Capital and Nader Tavakoli own directly no shares
of Common Stock. Pursuant to investment management
agreements, EagleRock Capital maintains investment and
voting power with respect to the shares of Common Stock held
by EagleRock Master Fund, LP, a limited partnership existing
under the laws of the Cayman Islands ("ERMF") and EagleRock
Institutional Partners, LP, a Delaware limited partnership
("ERIP"). Mr. Tavakoli is the manager of EagleRock Capital
and therefore controls its investment decisions. ERMF holds
4,385,774 shares of Common Stock. ERIP holds 2,609,752
shares of Common Stock. By reason of the provisions of Rule
13d-3 of the Securities Exchange Act of 1934, as amended,
each of EagleRock Capital and Mr. Tavakoli may be deemed to
beneficially own 6,995,526 shares of Common Stock
(constituting approximately 8.8% of the shares of Common
Stock outstanding).
The filing of this amendment to Schedule 13G shall not be
construed as an admission that EagleRock Capital or Mr.
Tavakoli is for the purposes of Section 13(d) or 13(g) of
the Securities Act of 1934, the beneficial owner of any of
the shares of Common Stock held by ERMF or ERIP.
Page 5 of 7
Pursuant to Rule 13d-4, each of EagleRock Capital and Mr.
Tavakoli disclaim all such beneficial ownership.
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:
------
Not Applicable
Item 7 Identification and Classification of the
----------------------------------------
Subsidiary Which Acquired the Security Being
--------------------------------------------
Reported on By the Parent Holding Company:
-----------------------------------------
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 signatory certifies that, to the best of his knowledge
and belief, the securities referred to above 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.
Page 6 of 7
SIGNATURE
---------
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 17, 2009
EAGLEROCK CAPITAL MANAGEMENT, LLC
By: /s/ Nader Tavakoli
-------------------------------
Name: Nader Tavakoli
Title: Managing Member
NADER TAVAKOLI
/s/ Nader Tavakoli
----------------------------------
Page 7 of 7