Statement from Shapiro Family on Settlement with Department of Justice and the Trustee

NEW YORK--()--Stephen Fishbein of Shearman & Sterling, LLP and counsel to the Shapiro family, made the following statement in connection with the announced settlement with the Department of Justice and the Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC:

“The Shapiro family is pleased to have concluded this settlement with the Department of Justice and the Trustee. The settlement will allow substantial funds to be distributed to those hurt most by Madoff's fraud. The Shapiros have worked closely with the authorities on this matter and appreciate the efforts of both the Department of Justice and the Trustee in bringing about this resolution.”

Contacts

Sloane & Company on behalf of the Shapiro family
Elliot Sloane, 212-446-1860
esloane@sloanepr.com

Contacts

Sloane & Company on behalf of the Shapiro family
Elliot Sloane, 212-446-1860
esloane@sloanepr.com