NOVATO,
Calif., Feb. 15, 2012
/PRNewswire/ -- KCC, a Computershare company and premier provider
of administrative-support services for the legal and financial
industries, announced today that it offers complete Escrow Services
related to class action settlement funds, through its affiliate
Computershare Trust Company, N.A. (Computershare).
KCC has experience in holding and
distributing funds on behalf of clients and has acted as the escrow
agent for numerous litigation settlements and related matters. The
Escrow Service team has distributed $250
billion in cash and manages $1.5–$3.0 billion in daily deposits. Utilizing
KCC's services allows for seamless administration support,
favorable interest rates, secured investment options and exclusive
banking partnerships.
"We offer a variety of investment
options for funds, including government-backed investment vehicles
with interest rates that compare favorably with current market
rates," said James Le, KCC's
executive vice president of Class Action Services. "All escrowed
funds are invested in FDIC–insured accounts, secured by the full
faith and credit of the United States Government and generate a
greater return on investment."
KCC partners with A-rated financial
institutions that have a Tier 1 capital structure of more than
$1 billion. Exclusive banking
partnerships and the synergies created by being a full-service
escrow agent and class action settlement administrator affords
clients financial security as well as a cost-efficient
solution.
About KCC
KCC www.kccllc.com, a Computershare company, provides
administrative-support services that help legal professionals
realize time and cost efficiencies. With an integrated suite of
corporate restructuring, class action and legal document management
solutions, KCC alleviates the administrative challenges of today's
legal processes and procedures. KCC has gained client and industry
recognition for its industry expertise, professional-level client
service and proprietary technologies.
About Computershare Limited (CPU)
Computershare (ASX:CPU) is a global market leader in transfer
agency and share registration, employee equity plans, proxy
solicitation and stakeholder communications. We also specialize in
corporate trust services, tax voucher solutions, bankruptcy
administration and a range of other diversified financial and
governance services.
Founded in 1978, Computershare is renowned for its expertise in
data management, high volume transaction processing, payments and
stakeholder engagement. Many of the world's leading organizations
use these core competencies to help maximize the value of
relationships with their investors, employees, creditors, members
and customers.
Computershare is represented in all major financial markets and
has over 10,000 employees worldwide. For more information, visit
www.computershare.com.
For more information, please contact:
Rachel Martin
KCC
310-751-1817
rmartin@kccllc.com
twitter.com/KCC_classaction
SOURCE KCC