Irving Picard

Trustee: Half-Billion Dollar Settlement Reached For With 2 Madoff FundsThe trustee recovering money for thousands of investors said Monday that a half-billion-dollar settlement has been reached with two financial funds that invested with Ponzi schemer Bernard Madoff.
Court Rejects Lawsuit Filed By Madoff Victims Against SECThe appeals court said the Securities and Exchange Commission's actions and "regrettable inaction'' are shielded by rules protecting government employees from lawsuits when they carry out a discretionary function or duty.
Fred Wilpon Bullish On Mets' Finances, FutureSpring training is all about optimism, and Mets owner Fred Wilpon delivered a large dose of it Wednesday in Port St. Lucie.
Report: Mets Owners Refinance $450 Million In Loans, Gain Some Financial ReliefAccording to the New York Post, owners Fred Wilpon and Saul Katz have refinanced $450 million in loans that were borrowed against SportsNet New York, the cable network which airs the vast majority of Mets game throughout the season.
Trustee: $2.5 Billion In Checks Mailed Out To Madoff Ponzi Scheme VictimsThe decades-long fraud cost investors about $17.3 billion, Picard estimated. Since becoming the trustee for victims swindled in the scheme, Picard said he has recovered more than $9 billion.
Madoff Victims' Checks Could Be In Mail This SummerIf you were a victim of Bernard Madoff's massive Ponzi scheme, there is some you might want to hear.
New Emails Paint Clearer Picture Of Bernie Madoff's Mindset "He was desperately disappointed that the Mets' case didn't go to trial. He was hoping the Mets' defense would make the case he'd been making to me -- that they had no reason to doubt Madoff," biographer Diana Henrique said.
Kallas: Big Win For Wilpon/Katz GroupThe Wilpon/Katz group claimed a big victory in court today when they reached an overwhelmingly positive settlement. Steve Kallas explains it all...
Lawyers Step To Plate In Madoff-Mets TrialThe trustee recovering money for investors swindled by Bernard Madoff may need a perfect pitch to a jury Monday to force the New York Mets owners to pay up to $303 million.
Sandy Koufax On Bernard Madoff - Mets Trial Witness ListHall of Fame pitcher Sandy Koufax is among witnesses scheduled to testify at a trial next week to determine if the New York Mets' owners must give up millions of dollars they received from jailed financier Bernard Madoff.
Kallas: No Surprise In Mets' Court Decision Judge Jed Rakoff, as promised, today filed a four-page order summarizing his holdings on motions by both Irving Picard (the Trustee) and the Katz/Wilpon defendants in the once-upon-a-time $1 billion dollar lawsuit in federal court in lower Manhattan.
Judge Won't Dismiss Mets-Madoff Suit; Team Owes Up To $83MThe Mets struck out in court Monday. A federal judge has ordered the team to pay up to $83 million to the trustee recovering money for Bernard Madoff investors.