Aha. So LJ is "going public" i.e. going to become a publicly traded company. So much for "But we're a nice company.
See here for a review of
the mess. Better check to make sure you have backups of all your stories and artwork, and prepare to move house. We're not wanted. We might scare potential investors.
Edit: an
expanded entry on GreatestJournal with links, references and extra sarcasm.