KANSAS CITY, Kan., Jan. 27, 2009 (GLOBE NEWSWIRE) -- Epiq Systems, Inc. (Nasdaq:EPIQ), a leading provider of technology solutions for the legal profession, today reported significant new client engagements in its bankruptcy business.
Epiq Systems' market share for corporate restructuring engagements remains extremely high, and the company has been named claims agent for new matters in wide ranging industries and various customer geographies. Recent retentions include the Tribune Company, KB Toys, Lyondell Chemical Company (the 13th largest Ch. 11 filing in history), Flying J Inc., Nortel Networks Inc., and Smurfit-Stone Container Corporation.
The new engagements are for a number of the largest privately held U.S. companies including some with international components.
As reported by the Administrative Office of the U.S. Courts, more than one million new bankruptcy cases were filed in federal courts for the twelve-month period ending September 30, 2008 (the most recent period for which data is available), up more than 30% vs. prior year. Chapter 11 filings rose 49% during this same period.
Epiq Systems recently opened a corporate restructuring office in Harford, CT staffed with seasoned industry experts to accommodate increasing customer demand. Epiq Systems' corporate restructuring engagements frequently last several years.
About Epiq Systems
Epiq Systems is a leading provider of integrated technology solutions for the legal profession. Our solutions streamline the administration of bankruptcy, litigation, financial transactions and regulatory compliance matters. We offer innovative technology solutions for electronic discovery, document review, legal notification, claims administration and controlled disbursement. Our clients include leading law firms, corporate legal departments, bankruptcy trustees and other professional advisors who require innovative technology, responsive service and deep subject-matter expertise. For more information, visit us online at www.epiqsystems.com.
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