LAKE SUCCESS, N.Y.,
Nov. 3, 2011 /PRNewswire/ -- The
Garden City Group, Inc. (GCG), the recognized leader in legal
administration services for class action settlements, Chapter 11
bankruptcy filings and legal notice programs, has acquired
Settlement Services, Inc. (SSI), a Tallahassee, Fla.-based firm that specializes
in the administration of labor and employment class action
settlements. Among other things, the acquisition will strengthen
GCG's expansion into this niche area of class action settlement
administration.
"The labor and employment class action market continues to
grow," said David A. Isaac, chief
executive officer of GCG. "SSI is a well-respected name in this
highly specialized area of class action practice, and the company's
value-added approach to legal settlement administration fits
perfectly with our approach to our clients and the markets we
serve."
Thomas A. Warren, owner of SSI,
will continue as president of the company under an employment
agreement with GCG. "Tommy is well known in the class action bar
for his legal acumen and administration expertise and has
cultivated strong relationships with clients and the legal
community," Isaac said. "We believe Tommy and the entire team at
SSI will be an exceptional addition to our organization."
"GCG and SSI both focus on providing quality and value to
clients, and we are excited by the prospect of joining forces with
a recognized leader in class action administration," Warren said.
"We have watched with interest as GCG has grown over the years and
have admired their well-earned reputation for excellence in the
legal community. It is truly exciting to now be part of the team
and able to access GCG's resources to both serve our clients and
grow our employment class action settlement business."
Warren has more than 30 years of experience in class action and
fair employment/civil rights law and has been class counsel in some
of the country's largest employment class action cases. He formed
SSI in 1992 to administer claims for class action cases he was
handling as an attorney. Since then, SSI has administered
settlements amounting to more than $1
billion cumulatively in a wide range of cases all over
the United States.
About The Garden City Group, Inc. (GCG)
GCG is the recognized leader in legal administration services
for class action settlements and other claims administration,
bankruptcy cases and legal noticing programs, with more than 1,000
employees in offices coast-to-coast. GCG has been named Best Claims
Administrator by the New York Law Journal for two years in a
row. The firm has been engaged in many high-profile distribution
matters, including the General Motors bankruptcy, the $6.05 billion WorldCom settlement, the
$3.5 billion Visa/MasterMoney
Antitrust settlement, the $3.4
billion Native American Trust Settlement and the
$20 billion Gulf Coast Claims
Facility.
About Crawford
Based in Atlanta, Ga., Crawford
& Company (www.crawfordandcompany.com) is the world's largest
independent provider of claims management solutions to the risk
management and insurance industry as well as self-insured entities,
with an expansive global network serving clients in more than 70
countries. The Crawford System of Claims Solutions(SM) offers
comprehensive, integrated claims services, business process
outsourcing and consulting services for major product lines
including property and casualty claims management, workers
compensation claims and medical management, and legal settlement
administration. The Company's shares are traded on the NYSE under
the symbols CRDA and CRDB.
SOURCE The Garden City Group, Inc. (GCG)