Three Law Firms Appointed Interim Lead Counsel on Behalf of Fairfield Sentry and Greenwich Sentry Investors Damaged in the Bernard Madoff Ponzi Scheme

February 23, 2009

The United States District Court for the Southern District of New York, by Order dated January 30, 2009, has appointed Wolf Popper LLP, Lovell Stewart Halebian LLP and Boies, Schiller & Flexner LLP interim lead counsel on behalf of investors in the Fairfield Sentry Limited fund ("Fairfield Sentry") and the Greenwich Sentry Partners, L.P. fund ("Greenwich Sentry"), and ordered that the three pending class actions filed on behalf of Fairfield Sentry and Greenwich Sentry investors be consolidated into one action under Master File No. 09 CV 0118 (VM). Named as defendants in those actions are the Fairfield Greenwich Group, three of its corporate affiliates, and certain of their officers and partners, including Walter Noel, Jr. Claims have also been asserted against Fairfield Sentry's administrator, Citco Fund Services (Europe) B.V.

The complaints in the pending actions allege claims related to losses incurred as a result of the admitted "Ponzi scheme" orchestrated by Bernard L. Madoff. Plaintiffs allege that the defendants did not perform the necessary due diligence before and after placing $7.3 billion in assets under Madoff's "management."

If you hold shares of Fairfield Sentry or Greenwich Sentry, or if you have information that would assist us in the investigation of these claims against the Fairfield Greenwich Group and its affiliates, you may contact:

    Wolf Popper LLP - James A. Harrod
    845 Third Avenue - New York, NY 10022
    Tel.: 212.759.4600 - Toll Free: 877.370.7703
    Fax: 212.486.2093 - Toll Free Fax: 877.370.7704
    Email: irrep@wolfpopper.com - website: www.wolfpopper.com

    Boies, Schiller & Flexner LLP - website: www.bsfllp.com
    Stuart H. Singer
    401 E. Las Olas Blvd. - Ft. Lauderdale, FL 33301-2211
    Tel.: 954.356.0011 - Fax: 954.356.0022
    Email: ssinger@bsfllp.com

    David A. Barrett
    575 Lexington Avenue - New York, NY 10022
    Tel.: 212.446.2310 - Fax: 212.446.2350
    Email: dbarrett@bsfllp.com;

    Lovell Stewart Halebian LLP - Victor E. Stewart
    61 Broadway, Suite 501 - New York, NY 10006
    Tel.: 201.445.3661 / 212.608.1900 - Fax: 212.719.4775
    Email: victornj@ix.netcom.com - website: www.lshllp.com
SOURCE Wolf Popper LLP