SIPC, Trustee Picard To Provide Update On Status Of Madoff Liquidation Process
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Major Milestones Will be Noted in Madoff Liquidation, SIPC History
The Securities Investor Protection Corporation (SIPC) and the court-appointed trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS) will hold a phone-based news conference at 11 a.m. on October 28, 2009 to report on the status of the Madoff proceeding, including recent developments and anticipated next steps.
Among the topics to be discussed will be major milestones in (1) the handling of Madoff-related claims and (2) the historical track record of total SIPC claim payments made since the organization was launched nearly 40 years ago.
News event speakers will be:
-- Irving H. Picard, the court-appointed trustee for the liquidation of
Bernard L. Madoff Investment Securities LLC.; and
-- Stephen Harbeck, president of the Securities Investor Protection
Corporation.
TO PARTICIPATE: You can join this live, phone-based news conference (with full, two-way Q&A) at 11 a.m. EDT on October 28, 2009 by dialing 1(800) 860-2442. Ask for the "Madoff liquidation" news event call.
CONTACT: Ailis Aaron Wolf, +1-703-276-3265, aawolf@hastingsgroup.com, for Irving H. Picard, New York, NY
/PRNewswire-USNewswire -- Oct. 27/
SOURCE Securities Investor Protection Corporation, Washington, D.C.; Irving H. Picard, New York, NY
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