NEW YORK (WFAN/AP) — A judge says the owners of the Mets could be forced to pay up to $386 million to resolve claims by a trustee collecting money for jailed financier Bernard Madoff’s investors.
Federal Judge Jed Rakoff noted the figure in an order issued Wednesday.READ MORE: Gabby Petito Search: Video Shows Couple Questioned About Physical Altercation In Utah, Fiancé Told Police Road Trip Created 'Emotional Strain'
A court-appointed trustee who sued the owners of the Mets had asked for $1 billion. Rakoff tossed out most of the claims in a decision issued Tuesday.
Rakoff’s written decision cleared some legal clouds that had been hanging over the team since Irving Picard brought the lawsuit against Mets owner Fred Wilpon and others executives.
The lawsuit had alleged that the owners of the Mets either knew or should have known that Madoff was operating a multi-decade fraud that cheated thousands of investors out of billions of dollars.READ MORE: Feast Of San Gennaro Returns In Little Italy As Vendors Take COVID Precautions
Lawyers for the Mets have repeatedly denied Picard’s claim.
In his decision, Rakoff said Picard “while less than overwhelming in this regard, pleads sufficient allegations to survive a motion to dismiss so far as this claim of willful blindness is concerned.”
The 73-year-old Madoff is serving a 150-year prison sentence.
Fair decision by the judge? Be heard in the comments below…MORE NEWS: Search For Suspects After Man Shot, Another Robbed While Dining Outside Philippe Restaurant On Upper East Side
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