Second Circuit

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

Kallas: No Surprise As 2nd Circuit Rejects Wilpon/Katz Arguments In Madoff Case

The Second Circuit rejected any argument for a different definition of net equity, leaving intact the definition set forth by Picard and affirmed by Bankruptcy Judge Lifland. Good news for the Mets’ owners.