Irving Picard

Bernie Madoff (file/credit: Stephen Chernin/Getty Images)

Court Rejects Lawsuit Filed By Madoff Victims Against SEC

The 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.

2013/04/10

Owner Fred Wilpon (L) and his son, Jeff Wilpon, of the Mets (credit: Marc Serota/Getty Images)

Fred Wilpon Bullish On Mets’ Finances, Future

Spring training is all about optimism, and Mets owner Fred Wilpon delivered a large dose of it Wednesday in Port St. Lucie.

2013/02/13

Report: Mets Owners Refinance $450 Million In Loans, Gain Some Financial Relief

According 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.

2013/01/03

Trustee: $2.5 Billion In Checks Mailed Out To Madoff Ponzi Scheme Victims

The 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.

2012/09/20

Bernard Madoff - File / Photo: Chris Hondros/Getty Images

Madoff Victims’ Checks Could Be In Mail This Summer

If you were a victim of Bernard Madoff’s massive Ponzi scheme, there is some you might want to hear.

2012/06/26

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.

2012/03/21

Kallas: Big Win For Wilpon/Katz Group

The Wilpon/Katz group claimed a big victory in court today when they reached an overwhelmingly positive settlement. Steve Kallas explains it all…

WFAN–2012/03/19

New York Mets Owner Fred Wilpon (file / credit: Scott Olson/Getty Images)

Lawyers Step To Plate In Madoff-Mets Trial

The 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.

2012/03/19

Baseball Hall of Famer Sandy Koufax (L) sits in a suite with New York Mets owner Fred Wilpon (Photo by Jeff Zelevansky/Getty Images)

Sandy Koufax On Bernard Madoff – Mets Trial Witness List

Hall 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.

2012/03/13

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.

2012/03/05

Fred Wilpon, Saul Katz, Jeff Wilpon (credit: Andrew Burton/Getty Images)

Judge Won’t Dismiss Mets-Madoff Suit; Team Owes Up To $83M

The 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.

WFAN–2012/03/05

Coutinho: Reading Between The Lines Of Judge Rakoff’s Ruling

I hate talking about and reporting the legal-ese of the Madoff case but yet another ruling came through today and so I once again called my legal contacts to interpret what it all means.

2012/03/05