Rust Consulting Enters Bankruptcy Administration Market with Acquisition of Omni Management Group

MINNEAPOLIS , Dec. 20, 2011 /PRNewswire/ -- Rust Consulting, Inc., a leader in legal, public and business sector project administration, announced today that it has acquired Omni Management Group, a Los Angeles and New York -based bankruptcy administration services provider with more than 40 years of experience.

The acquisition allows Rust Consulting to enter the bankruptcy administration services market while leveraging the established reputation and expertise of Omni. Conversely, Rust Consulting will bring Omni the benefit of its significant resources including systems capacity, operational expertise, brand recognition and relationships with major law firms nationwide.

"We are very excited to bring the exceptional people from the Omni team on board," Rust Consulting President Galen Vetter said. "For us to enter the bankruptcy administration services market, we wanted to be sure we had the best team for the job. We have that team in Omni."

"The strategic synergies between Rust and Omni create a perfect combination for sustainable growth into the foreseeable future," Brian Osborne , President of Omni, said. "We are thrilled at the prospect of combining Omni's expertise and technology platform in bankruptcy administration services with the significant resources and opportunities Rust provides.

Clients in the legal, public, and business sectors trust Rust Consulting to design, implement, and manage complex and time-sensitive projects. With experience on more than 3,000 cases worth billions of dollars, Rust Consulting is the national leader in class action settlement administration, and is an expanding presence in the mass tort, public sector, and business sectors. Rust Consulting and its partner, Kinsella Media, LLC ( Washington, D.C. ) offer a full complement of services including project management, data management, notification, claims processing, contact center services, fund distribution, and tax reporting. A SourceHOV company headquartered in Minneapolis , Rust Consulting also has offices in Faribault, Minn., Los Angeles, Melville, N.Y., Palm Beach Gardens, Fla., San Francisco, and Washington D.C.

Omni Management Group, is a nationally recognized leader in bankruptcy administrative services with offices in Los Angeles and New York. Since the firm's inception in 1969, Omni has been involved in some of the nation's most successful and complex chapter 11 proceedings, with clients such as Perkins Marie Callender's, Mervyn's Holdings, Blockbuster, Inc. (Committee), Innkeeper USA Trust, Borders Group (Committee), Owens Corning, Harry & David (Committee), Refco Inc., eToys Direct LLC, Monaco Coach Corporation, Sizzler Restaurant Corporation and Global Crossing.

With revenues of almost $500 million , SourceHOV is one of the largest Business Process Solutions and Knowledge Process Outsourcing companies in the industry, serving customers in more than half of the Fortune 100 with deep domain expertise. SourceHOV provides end-to-end business process and/or consulting solutions. SourceHOV offers clients in information-intensive industries, such as financial services, healthcare, legal, retail, telecommunications, government, and transportation, the solutions to process, analyze, and manage their information in a cost-efficient manner. SourceHOV also offers solutions to fulfill certain specialized knowledge-based processing and outsourcing requirements enabling these organizations to concentrate on their core competencies.

These solutions include healthcare claims processing, coding and abstracting of medical records, electronic content management and e-publishing, multisource data extraction and integration with client operations, processing and administration of class action and related claims, economic and statistical analysis and investigation, specialized tax outsourcing and processing services, and evaluation and resolution of construction claims.

The company's global workforce is now more than 14,200 employees operating from approximately 80 delivery centers in six countries, including the U.S., Mexico, Canada, India, China, and the Philippines.

Omni Management Group Announces First Mobile Website in the Bankruptcy Case Administration Industry

LOS ANGELES--(BUSINESS WIRE)-- Omni Management Group, LLC, an innovative claims and noticing administration firm, has created the first mobile case administration website in the bankruptcy industry. The mobile feature allows clients, creditors and other interested parties to effortlessly access and email case information from any smart phone or tablet.

Omni Mobile, (www.omnimgt.com) for the first time, lets users on the go retrieve real-time data instantly. The site increases access to case information, court documents, proofs of claim, contact information, claim registers, claim forms, case calendars and more. In a matter of clicks, users can instantly share files via email from their mobile device.

The intuitive interface is clean and straightforward on all mobile devices and allows users to locate their respective cases in a glimpse. It’s organized via simple icons marked “debtor cases,” “committee cases” and “all cases” and the easy to follow navigation allows users to pinpoint critical data quickly and easily. Now in addition to call centers and websites, clients can direct creditors to seek out information from the mobile devices.

The mobile site represents the firm’s ongoing commitment to utilizing innovative technology in the bankruptcy administrative services industry and addressing the ever-changing needs of its clients, wherever they might be.

“Our clients aren’t sitting behind their desks all day,” says Brian Osborne, member and architect of the site. “We created the mobile website to meet the instant demands that our clients face on a daily basis whether they are in the air, on a train or at a meeting.

“Mobile and instant access business solutions are the wave of the future,” says Osborne. “Omni is committed to not only being first to provide the flexible services that clients want but to being the best.”

Omni Management Group, LLC is a nationally recognized leader in bankruptcy administrative services with offices in Los Angeles and New York. Since the firm’s inception in 1969, Omni has been involved in some of the most successful and complex chapter 11 proceedings on both national and international levels, with clients such as Mervyn’s Holdings, LLC, et al, Perkins & Marie Callender’s, Borders Group, Inc. (Committee), Blockbuster, Inc. (Committee), Innkeeper USA Trust, Owens Corning, Refco Inc., eToys Direct LLC, Monaco Coach Corporation, Sizzler Restaurant Corporation and Global Crossing.

Omni Management Group, LLC Retained As Claims, Noticing And Balloting Agent In The Molecular Insight Pharmaceutical, Inc. Chapter 11 Matter

On December 9, 2010, Molecular Insight Pharmaceutical, Inc. (the “Debtor”) filed a voluntary petition chapter 11 petition (Case no. 10-bk- 23355) in the United States Bankruptcy Court for the District of Massachusetts (Boston). The Debtor has engaged Omni Management Group, LLC ("Omni") as its claims, noticing and balloting agent. Molecular Insight Pharmaceuticals is a clinical-stage biopharmaceutical company and is a pioneer in the emerging field of molecular medicine. The Company is focused on the discovery and development of targeted therapeutic and molecular imaging radiopharmaceuticals, primarily for use in oncology and cardiology.

Omni will be providing case administration services to the Debtor and will be hosting and maintaining an informational website which is located at www.omnimgt.com/molecular. The Debtor’s website provides general case information (e.g., the debtor’s name, case number, professionals’ contact information, case calendars), court forms (e.g., proof of claim forms), proof of claim filing instruction, and relevant links (e.g., court docket, critical documents, claim docket). To the extent that interested parties require additional information, inquiries can be submitted directly through the website, which are forwarded directly to counsel. Telephone inquiries can also be made at (800) 873-4094

Omni Management Group, LLC is a nationally recognized leader in bankruptcy administrative services with offices in Los Angeles and New York. Since the firm’s inception in 1969, Omni has been involved in some of the nation's most successful and complex chapter 11 proceedings, with clients such as Blockbuster, Inc. (Committee), Innkeeper USA Trust, Owens Corning, Refco Inc., eToys Direct LLC, Monaco Coach Corporation, Sizzler Restaurant Corporation and Global Crossing.