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.
Judge To Decide On Mets-Madoff Trial By March 5Arguing on the trustee's behalf, attorney David Sheehan scoffed at attempts to portray the Mets owners as "unsophisticated run-of-the-mill guys."
Mets Trying To Detach Themselves From Madoff CloudThe New York Mets are trying to distance themselves from the Bernie Madoff as their March trial approaches.
NYC Judge Rejects SEC-Citigroup SettlementA 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.
Judge: Mets Could Owe $386M At Most In Madoff SuitThe 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.
Kallas: A Big Win For Met Ownership In Madoff Case, But It Ain’t Over Til It’s OverAny 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.
Kallas: A Win For The Wilpon/Katz Group In Federal District CourtThe 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.