GCG Promotes Karen Shaer to Senior Executive Vice President

LAKE SUCCESS, N.Y., Dec. 14, 2011 /PRNewswire/ -- David Isaac, chief executive officer of The Garden City Group, Inc. (GCG), today announced the promotion of Karen Shaer to senior executive vice president.

Shaer, who is based in GCG's Lake Success, N.Y., office, joined GCG in 2001 to launch and lead the business reorganization division. She took on the additional title and responsibilities of general counsel in 2003 and was promoted to executive vice president in 2006. With this latest promotion, Shaer also retains her general counsel title and position.

Shaer's accomplishments as an attorney, combined with her class action and Chapter 11 reorganization management skills, have contributed to the successful expansion of GCG's services. Under her direction, GCG has handled some of the nation's most high-profile bankruptcies, including General Motors, Borders Group, Inc., and Federal Mogul. In addition, Shaer has spearheaded many of GCG's high profile class action, mass claim and regulatory administrations, including GCG's work on the $20 billion Gulf Coast Claims Facility.

"I am proud to recognize Karen with this important and worthy promotion," said Isaac. "Her supreme legal expertise and business acumen has helped successfully guide GCG through many high-profile matters. Karen is a natural leader and simply an invaluable asset to GCG."

Prior to joining GCG, Shaer was an advisor to the chief executive officer/president and the board of directors at American Family Enterprises, a subsidiary of Time, Inc., in her role as general counsel. Before joining American Family Enterprises, she served with the U.S. Attorney's Office for the Southern District of New York, where her positions included deputy chief, criminal division and assistant United States attorney.

"I am proud to have been given this exciting opportunity and look forward to advancing GCG's development and continuing to expand our reach throughout the nation in both the class action and bankruptcy markets," Shaer said.

About The Garden City Group, Inc. (GCG)

GCG 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 two 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 Visa/MasterMoney Antitrust settlement, the $3.4 billion Native American Trust Settlement and the $20 billion Gulf Coast Claims Facility.

About Crawford

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 Solutions(SM) 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.

SOURCE The Garden City Group, Inc. (GCG)