The following statement was issued today by the law firm of Abbey, Gardy & Squitieri, LLP:You are hereby notified that a Class Action lawsuit has been commenced in the United States District Court for the Eastern District of New York on behalf of all purchasers of Steven Madden, Ltd ("SML" or the "Company") common stock between June 21, 1997 and June 20, 2000 (the "Class Period").The Complaint charges the defendants with various securities laws violations, in that the defendants failed to disclose material adverse information about the Company and defendant Steven Madden.Plaintiff seeks to recover damages on behalf of himself and all other purchasers of SML common stock during the Class Period, excluding defendants and their affiliates. Plaintiff is represented by Abbey, Gardy & Squitieri, LLP, a law firm with extensive experience in prosecuting class actions, and significant experience in prosecuting securities fraud. Visit Abbey, Gardy & Squitieri, LLP at