Epiq Systems Inc. (EPIQ) reiterated that it remains on target to achieve its 2009 financial objectives as previously communicated. The company announced continuing strength throughout its bankruptcy franchise and a strong outlook into 2010.
The company said that it has been engaged to provide consulting services to two main Icelandic banks in moratorium, Glitnir Banki hf and Kaupthing Banki hf. The engagement primarily involves the development and implementation of claim trading procedures for each of the banks.
Epiq also served as voting agent in the recently confirmed CIT Group Inc. pre-packaged chapter 11 bankruptcy.
The company's trustee services deposit portfolio has reached an all-time high of $2.0 billion. Epiq's market share continues to rise and significant opportunities remain to increase the portfolio in 2010.
For comments and feedback: editorial@rttnews.com