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Madoff Securities Task Force Update: March 4, 2009 Deadline

Client Advisory

January 8, 2009
by Steven J. Glusband, Howard J. Barnet, Jr., Faith Colish, Michael I. Frankel, James Gadsden, Guy P. Lander, Alan Lewis, Patricia Matzye, Gary D. Sesser, Michael Shapiro, Morris N. Simkin, Andris J. Vizbaras and Robert J.A. Zito

On January 2, 2009, SIPC Trustee Irving H. Picard mailed customer claim forms to persons who are believed to have been customers of Bernard L. Madoff Investment Securities LLC (“BMIS”) within the past 12 months. However, any person who believes that he or she was a customer of BMIS may file a claim. Claim forms are available on the Trustee’s website www.madofftrustee.com as well as the SIPC website www.sipc.org.

March 4, 2009 is the deadline set by the Bankruptcy Court for filing customer claims with the Trustee. July 2, 2009 is the deadline set by the law for all claims. Customer claims received after March 4, but before July 2, are subject to delayed processing and to being satisfied on terms less favorable to the customer. Claims received after July 2 are barred by law. Claim forms should be filed with the Trustee by mailing such to:

Irving H. Picard, Esq.
Trustee for Bernard L. Madoff Investment Securities LLC
Claims Processing Center
2100 McKinney Avenue, Suite 800
Dallas, TX 75201
Claim forms will be deemed filed only when received by the Trustee. Claim forms should be mailed certified mail, return receipt requested. The return receipt would be proof of receipt by the Trustee.
If you have any questions about the Madoff case, or how it affects you, or if you require assistance in preparing a claim, please contact your CL&M attorney or:
212-238-8605
212-238-8606
212-238-8873
Michael I. Frankel
212-238-8802
frankel@clm.com
212-238-8607
212-238-8619
212-238-8647
212-238-8730
212-238-8820
212-238-8676
212-238-8708
212-238-8698
212-238-8768
Carter Ledyard & Milburn LLP uses Client Advisories to inform clients and other interested parties of noteworthy issues, decisions and legislation which may affect them or their businesses. A Client Advisory does not constitute legal advice or an opinion. This document was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. © 2009 Carter Ledyard & Milburn LLP.
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