Federal Judge Approves Class Action Settlement Against ADP - URG Partners to Benefit.
URG worked closely with the anti-trust attorneys to negotiate new licensing terms for ADP's interchange products and a link to ADP's parts locating service called EDEN with URG's newly developed Pinnacle(TM) Recycling Inventory and Trading System as a part of the settlement.
URG, a coalition of approximately 350 auto recyclers was created as a direct result of ADP's alleged monopoly of computerized management systems. URG formed a joint venture with Actual Systems of America and designed a new computer system, the Pinnacle(TM), for it's Partners. The settlement provides a fund of over $2 million dollars for damages, as well as other types of relief. Sharon Kellum, URG's Business Manager, says, "We are pleased to see this settlement, following hundreds of hours of negotiations between URG's Managers and Reginald Krasney, the lead counsel for the plaintiffs." She adds, "The new interchange contract will benefit all recyclers directly and the EDEN link will allow recyclers on the Pinnacle(TM) to share info with ADP's customers."
Users of ADP's interchange products are, in most cases, eligible to participate in the settlement fund. To receive a claim form, those users should contact The Garden City Group, Inc., Settlement Administrator, P.O. Box 9313, Garden City, NY 11530-9313 PHONE: (800) 639-9792. All claim forms must be submitted before April 30, 1999 to be eligible to share in the settlement fund. The claim number is 1003944.
For further information, contact Sharon Kellum at URG headquarters, (303) 292-6555.
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|Date:||Mar 30, 1999|
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