Milberg LLP and Seeger Weiss LLP have announced that the two firms have been retained by dozens of individual investors in Madoff Investment Securities.

Collectively, these investors have lost hundreds of millions of dollars--and possibly more than a billion--due to the stunning fraud allegedly perpetrated by Bernard Madoff.

"We are moving quickly and decisively to represent the interests of outraged investors--both individual and institutional--who were persuaded to entrust their money with Madoff Investment Securities and its founder, Bernard Madoff," said Brad Friedman, a partner at Milberg.

"Those taken in by this Ponzi scheme who have turned to us for help include a senior citizens center, corporate executives, banks, hedge funds and a wide variety of others," according to Stephen Weiss, a partner at Seeger Weiss.