Jed Rakoff

Former Goldman Sachs executive Rajat Gupta enters federal court in Manhattan for sentencing - Oct. 24, 2012 (credit: Spencer Platt/Getty Images)

Former Goldman Sachs Executive Sentenced For Insider Trading

A former Goldman Sachs and Procter & Gamble Co. board member convicted of insider trading has been sentenced to two years in prison.

10/24/2012

(credit: Scott Olson/Getty Images)

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–03/19/2012

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.

03/19/2012

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

Mets Owners Will Have Burden Of Proof In Madoff Trial

Owners of the New York Mets lost a key ruling ahead of a federal trial over whether they should return millions of dollars they received from jailed financier Bernard Madoff.

03/14/2012

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–03/05/2012

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

Judge To Decide On Mets-Madoff Trial By March 5

Arguing on the trustee’s behalf, attorney David Sheehan scoffed at attempts to portray the Mets owners as “unsophisticated run-of-the-mill guys.”

WFAN–02/24/2012

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

Mets Trying To Detach Themselves From Madoff Cloud

The New York Mets are trying to distance themselves from the Bernie Madoff as their March trial approaches.

WFAN–01/21/2012

Citigroup Center - New York, NY (file / credit: Chris Hondros/Getty Images)

NYC Judge Rejects SEC-Citigroup Settlement

A federal judge in New York has struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, citing a need for truth about the financial markets.

11/28/2011

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

Judge: Mets Could Owe $386M At Most In Madoff Suit

The Mets could be forced to pay up to $386 million to resolve claims by Irving Picard — nowhere near the $1 billion he was originally asking for.

WFAN–09/28/2011

Mets owner Fred Wilpon (AP Photo/Seth Wenig)

Kallas: A Big Win For Met Ownership In Madoff Case, But It Ain’t Over Til It’s Over

Any way you look at it, the 18-page decision filed yesterday by United States District Judge Jed Rakoff in the Mets/Madoff case has to be viewed as a win, even a vindication of sorts, for Mets owners Fred Wilpon and Saul Katz.

09/28/2011

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

Kallas: A Win For The Wilpon/Katz Group In Federal District Court

The Wilpon/Katz group won a big victory by the mere fact that Judge Rakoff has decided to keep the whole trial (if there is a trial, which there probably will be) in federal district court and not in bankruptcy court.

WFAN–08/22/2011