and this week fairfield greenwich offered a settlement. full restitution for all massachusetts investors. not quite as magnanimous as it might sound, though. there were only a handful of investors in massachusetts. so the settlement would have been worth only a few million dollars and fairfield greenwich would not have admitted guilt. so massachusetts secretary of state william galvin turned the offer down, calling it a thinly veiled attempt to circumvent the process and saying it is premature. besides, he said on "power lunch" today the offer had too many holes. >> there is no actual offer. there's been suggestions. but the reality is our goal is to get everyone and at this point we have not satisfied ourselves that everyone has been identified. >> but fairfield greenwich says the settlement offer did have a provision for investors yet to be identified. and the company says it's confused. when galvin brought the case in april, the company says in a statement, the stated goal was full restitution for massachusetts investors. that's what fa

fairfield greenwich is trying to devote its attention we are told bay spokesman to the litigation much more substantive litigation in new york by the bankruptcy trustee picard, taking multimillions of dollars from fairfield greenwich groups. trying to get this one out of the way. the massachusetts secretary of state saying no way. >> thank you, scott cohn. wow. not having a good day. down 130 on the dow. seems we can't get this moving the right way. coming up, young and successful series concludes with a crescendo. a 23-year-old entrepreneur for whom music is instrumental to success. >> life is your art form. i'm with that sort of a locale. getting cozy with my friends. >> out here at the game of chicken, california egg ranchers may be forced to spend hundreds of millions of dollars to give these hens more room. the question is how much room do the chickens want? we will have that after the break. >>> okay. this is one of our favorite suggests on "squawk on the street." >> yes, it is. >> where's bernie? >> where is he? >> he was right here. >> here he is. >> we kind of collect chickens

. >> and, willie, our friends from fairfield greenwich have a statement.ad you a statement with regard to your yacht story here. the yacht that vicky ward wrote about was ordered three years ago. by the time of bernie madoff's arrest the yacht's construction -- >> it takes a while. they don't build these things overnied. >> if you want to play you have to pay, makes sense, doesn't it? >> no, it does not. >> they're trying to sell this yacht as quickly as they can. >> do you know how you do that? >> how? >> you give it to a company who leases it to somebody famous. >> like donny deutsch. >> and then you put their money into the settlement pool. that is what you do. >> $20,000 a week. >> you live a good life, donny deutsch. can i hang out with you? >> i'm trying to give you information. >> donny is totally right. >> willie and i want to live your life. >> i read, i study before i come on the show. >> he has the finger on the pulse of sag harbor. >> the discussions of nantucket. >> i'd rather keep my regular joe image going here. so the bottom line is there a