Lake Success, N.Y. (Feb. 12, 2013) –Stephen Cirami, senior vice president, East Coast operations, and Christi Cannon, director, client relations at The Garden City Group, Inc. (GCG), spoke at DRRT’s (www.drrt.com) 5th Annual Conference and Workshop on Jan. 28 in Frankfurt, Germany.
The conference explored global investor protection, international securities laws and developments and trends in class actions and collective litigation in U.S. and non-U.S. jurisdictions. “DRRT is very proud to have organized this conference and thankful to GCG, a worldwide leader in securities class action settlement administration, for sponsoring this event,” remarked Alexander Reus, board-certified international lawyer and managing partner of DRRT. “Almost 100 attendees represented a get-together of institutional investors with collective assets under management of over $2 trillion interested in new jurisdictions outside the United States available for effective loss recovery. This is the new world and we are happy to be at the forefront of it.”
Cirami and Cannon were a resource to institutional investors at the conference regarding new developments in securities class action settlement administrations, and addressed international hurdles and procedures, including notice and distribution issues. They provided insight from the standpoint of a settlement administrator on class action cases in regards to international litigation. Further, they addressed trends in large scale administrations, including the effect of changing technology on international cases.
“As a securities class action professional, it was an honor to be a part of DRRT’s 5th Annual Conference and present alongside such a distinguished group of speakers and panelists,” said Cirami. “The conference presented a real opportunity to interact with institutional investors from across the globe, as well as engage in meaningful dialogue regarding how they can best protect their rights and participate in securities administrations.”
GCG speak at the 5th Annual DRRT Conference
Cirami oversees class action administrations and GCG’s work on various settlement matters, includingDeepwater Horizon Economic & Property Damages Settlement. He has handled all varieties of class actions and some of the largest and most complex securities settlements of all time, including Initial Public Offering Securities Litigation, WorldCom Securities Litigation, Tyco International Securities Litigation andRoyal Ahold Securities Litigation. On numerous occasions, Cirami has been asked to testify at various Court hearings to discuss the claims process and/or claim determinations of GCG.
“It was a pleasure to speak and attend DRRT’s informative and professional conference,” said Cannon. “I appreciated the opportunity to hear from some of the leading legal minds regarding the developments of international securities laws.”
Cannon serves as a liaison between clients and GCG’s senior management team to promote efficient client communications and facilitate client feedback. In addition, Cannon works as part of GCG’s team on theDeepwater Horizon Economic & Property Damages Settlement, where she oversees claimant outreach initiatives and handles regular communications with the Claims Administrator’s Office. During her career, Cannon has litigated some of the largest class and shareholder actions in history, including the Initial Public Offering Securities Litigation. She has also represented individual and institutional clients, as well as represented and advised corporate officers and boards of directors.
About The Garden City Group, Inc. (GCG)
GCG (www.gcginc.com) 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 three years in a row. The firm has been engaged in many high-profile distribution matters, including the General Motors bankruptcy, the $6.15 billion WorldCom settlement, the $3.05 billion VisaCheck/MasterMoney Antitrust settlement, the $3.4 billion Indian Trust Settlement, the $20 billion Gulf Coast Claims Facility and the $7.8 billion Deepwater Horizon Economic & Property Damages Settlement.
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 SolutionsSM 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.