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MELVILLE, N.Y.

Stephen J. Cirami, GCG Assistant Vice President of Operations, spoke recently at the 2007 Banker Depository Users Group (BDUG) Annual Meeting in San Antonio, Texas, October 15. Mr. Cirami presented attendees with an overview and recent trend of securities class action settlement administrations, as well as GCG’s role as an industry leader.

Among his many achievements at GCG, Mr. Cirami has managed all aspects of hundreds of securities settlements, including such high volume cases as the Tyco International Ltd. Settlement ($3.2 billion), Royal Ahold Securities Litigation ($1.1 billion settlement), the Nortel Networks Corp. Securities Litigations ($2.4 billion value), Global Crossing Securities Litigation (combined value of $522 million), and Lucent Technologies Securities Litigation ($517 million).

“GCG has more than 20 years experience in the securities class action arena and a national network of office locations,” Cirami said. “I felt honored to be invited to speak at BDUG’s Annual Meeting and share my securities class action knowledge with such an eager and interested group.”

“The Garden City Group’s session was one of the most anticipated of the event,” said R. Scott Nielsen of BDUG’s Steering Committee. “The interaction between GCG’s Stephen Cirami and some of the nation’s largest financial institutions was exciting and informative.”

The Banker Depository Users Group (BDUG), organized in 1982, is a consortium of Banks that settles their trades directly with the Depository Trust & Clearing Corp. All are domestic banks and vary in size from the smallest to the largest banks in the nation. JP Morgan, State Street and the Bank of New York are all part of its membership. As a non-profit association, BDUG is a self-governing organization that derives its success from membership participation and the partnership with industry providers.