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Case Status:    SETTLED
On or around 08/09/2005 (Date of order of distribution of settlement)

Filing Date: June 21, 2000

By the Order and Final Judgment entered on May 26, 2004, the Court finds the Settlement and Plan of Allocation are fair, reasonable, and adequate. The Court dismisses the action against the defendants with prejudice and without costs except as provided in the Order and Final Judgment. Further, Plaintiffs’ Counsel is awarded the sum of $2,250,000 in fees, and $97,929.07 in reimbursement expenses, plus interest.

According to the docket posted, before the judge ruled on the Consolidated Amended Class Action Complaint, a Second Amended Consolidated Amended Class Action Complaint was filed on November 8, 2001. On January 14, 2002, the defendants filed a motion to dismiss the complaint. On March 6, 2002, the Court entered the Order of Discontinuance, discontinuing the action without prejudice. On January 29, 2004, a Stipulation and Agreement of Settlemnet was filed. The action was preliminary certified as a class action and Settlement Fairness Hearing was scheduled for May 19, 2004 at 12:30 p.m.

On February 26, 2001, plaintiffs filed a Consolidated Amended Class Action Complaint (the “Amended Complaint”). The Amended Complaint extends the class period beyond November 3, 1999. Accordingly, the action now seeks damages on behalf of purchasers of Steve Madden common stock between June 21, 1997 and June 20, 2000 for violations of the Securities and Exchange Act of 1934. Defendants in the action are: Steven Madden, Ltd.; the Company’s Chairman and Chief Executive Officer; the Company’s Chief Operating Officer, Director and President; and, the Company’s Chief Financial Officer, Secretary and Director. At this time, plaintiffs await defendants’ response to the Amended Complaint.

Between June and August 2000, eight putative securities fraud class action
lawsuits were commenced in the United States District Court for the Eastern
District of New York.). By Order dated December 8, 2000, the Court consolidated these eight actions, appointed Process Engineering, Inc., Michael Fasci and Mark and Libby Adams as lead plaintiffs and approved their selection of lead counsel.

The original lawsuit charges Steven Madden Ltd. and certain officers with violations of the federal securities laws by issuing materially false and misleading statements concerning the Company’s business and financial condition during the Class Period.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Footwear
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SHOO
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: E.D. New York
DOCKET #: 00-CV-3676
JUDGE: Hon. Raymond J. Dearie
DATE FILED: 06/21/2000
CLASS PERIOD START: 11/03/1999
CLASS PERIOD END: 06/20/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Abbey Gardy & Squiteri LLP (San Francisco)
    595 Market Street, Suite 2500, Abbey Gardy & Squiteri LLP (San Francisco), CA 94105
    415.538.3725 ·
  2. Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
    One Liberty Square, Berman DeValerio Pease Tabacco Burt & Pucillo (MA), MA 2109
    617.542.8300 617.230.0903 · info@bermanesq.com
  3. Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA)
    225 Broadway, Suite 1900, Cauley, Geller, Bowman, Coates & Rudman LLP (San Diego, CA), CA 92010
    619.702.7350 619.702.7351 ·
  4. Cohen Milstein Hausfeld & Toll PLLC (Seattle WA)
    701 Fifth Avenue, Suite 6860, Cohen Milstein Hausfeld & Toll PLLC (Seattle WA), WA 98014
    206.521.0080 206.521.0166 · lawinfo@cmht.com
  5. Kaplan Fox & Kilsheimer, LLP (former New York, NY)
    805 Third Avenue, 22nd Floor, Kaplan Fox & Kilsheimer, LLP (former New York, NY), NY 10022
    212.687.1980 212.687.7714 · info@kaplanfox.com
  6. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  7. Law Offices of Leo W. Desmond
    2161 Palm Beach Lakes Blvd., Suite 204, Law Offices of Leo W. Desmond, FL 33409
    888.337.6663 · Info@SecuritiesAttorney.com
  8. Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA)
    600 West Broadway, 1800 One America Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (San Diego, CA), CA 92101
    800.449.4900 · support@milberg.com
  9. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  10. Spector Roseman & Kodroff (San Diego)
    1818 Market Street, Suite 2500, Spector Roseman & Kodroff (San Diego), PA 19103
    215.496.0300 215.496.6611 ·
  11. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  12. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
No Document Title Filing Date
COURT: E.D. New York
DOCKET #: 00-CV-3676
JUDGE: Hon. Raymond J. Dearie
DATE FILED: 11/08/2001
CLASS PERIOD START: 06/21/1997
CLASS PERIOD END: 06/20/2000
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  2. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  3. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
No Document Title Filing Date