Press Conference

10.00am - 1 July 2009

GLOBAL ALLIANCE OF LAW FIRMS – THE IMPLICATIONS OF THE SENTENCE FOR THE VICTIMS OF MADOFF

Members of The Global Alliance of Law Firms are holding a Press Conference at the offices of Edwin Coe LLP on Wednesday 1 July 2009 at 10.00am.

The press conference is being held in response to the sentencing of Madoff by a US Federal Court to 150 years imprisonment.

The Global Alliance will put forward its views in relation to how the sentence affects victims of the fraud, the options which are available to them in terms of recovering their monies, possible sources of support from financial institutions, and the lessons to be learned in order to prevent such a situation in the future.

The above mentioned information has been gathered by the 40 law firms situated in 23 countries, which are advising affected institutions and minority investors and which make up the Global Alliance of Law Firms.

The Press Conference will be hosted by:

• Xavier Cremades, President of Cremades & Calvo-Sotelo and Chairman of the Global Alliance
• Gaytri Kachroo, Vice Chair of the Global Alliance
• David Greene, Partner and Head of Litigation, Edwin Coe LLP

ENDS

Edwin Coe LLP
2 Stone Buildings
Lincoln’s Inn
London
WC2A 3TH
www.edwincoe.com

For further information, please contact:

David Greene on +44 (0)20 7691 4000
Miguel Larios on +34 91 426 4050
Debra Blik on +44 (0)20 7691 4000

The Global Alliance of Law Firms purports to effectively address the Madoff fraud and other frauds at a global level, operating as a coordinated pressure group that will be capable of defending clients’ interests in different jurisdictions. This Global Alliance was incorporated in Madrid on February 17th, 2009. Members are Law Firms from diverse jurisdictions, such as: USA, UK, Argentina, Germany, Austria, Israel, Italy, Lithuania, Luxembourg, Holland, France, Brazil, Malta, Mexico, Panama, Portugal, Chile, Switzerland and Uruguay.