Originally written on Mets Merized Online  |  Last updated 10/21/14

26 Oct 1998: Mike Piazza of the New York Mets shakes hands with Mets Owners Fred Wilpon (R) and Nelson Doubleday (L) during a Press Conference in New York City, New York. Mandatory Credit: Jamie Squire /Allsport
Mets ownership and trustee Irving Picard have reached a settlement for $162 million, according to Richard Sandomir of the New York Times. The Mets will not pay anything for three years. Jury selection had been set to begin today, but it never got that far. Both Fred Wilpon and Saul Katz, principal Mets owners, were in court when this settlement was announced. “Litigation is behind us. I want to thank everybody. our partners were fantastic, Mario Cuomo great job,” Fred Wilpon said. “I am very, very pleased.” “We have done no wrong and have always acted in good faith,” Saul Katz said. “This settlement bears this out. I thank everyone very much for their faith in us” What started out as a $1 billion dollar claim against the Mets owners, ended up being a $29 million net loss for the Mets. “Willful Blindness” claim was dropped by Picard. Will the funds recovered be enough to pay Irving Picard’s fees? Somehow I don’t think so. The victims lose again… * * * * * 9:50 AM – Settlement wi
PLAYERS: Fred Wilpon
TEAMS: New York Mets
MORE FROM YARDBARKER

Royals take Game 2 to even series with Giants

Report: Roger Goodell will have to testify in Ray Rice case

Blake Griffin accused of slapping man in Las Vegas club

Ronda Rousey to face Cat Zingano at UFC 182

Report: Zach Mettenberger to start for Titans over Locker

LaMarr Woodley likely done for season with biceps injury

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Some Seahawks think Wilson isn’t 'black enough'

Darrelle Revis sent home for being late, misses practice

Report: Texas to pay scholarship athletes $10K per year

Report: Widespread academic fraud occurred at North Carolina

NHL postpones Senators/Leafs game after Ottawa shootings

Lions send player home from London after cutting him

Top storyline for each Week 8 NFL game

WATCH: Giants pitcher yells at Salvador Perez after HR

Will Muschamp's head coaching job posted on Craigslist

Miss California USA would like to date Eric Hosmer

WATCH: Eric Bledsoe sends Clipper flying with sick move

Kiffin's mom fears for son's safety in return to Tennessee

WATCH: Penguins perform 'O Canada' following tragedy

WATCH: Cutest grandma challenges Dwyane Wade to game of one-on-one

UEFA Champions League midway report: Groups A – D

Report: Expect Florida to make a run at Bob Stoops

Porn star: No one parties harder than Sebastian Janikowski

Outrageous college football predictions: Week 9

Mets News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

Top NFL storylines: Week 8

Kiffin's mom worried for son's safety

Report: Goodell will have to testify

Penguins do 'O Canada' following tragedy

UEFA Champions League midway report: Groups A – D

Porn star: No one parties like Janikowski

Report: Expect Florida to make a run at Bob Stoops

The San Francisco Giants are zombies

10 bold predictions for NFL Week 8

Pitcher's wife leaves generous tip

Nicklaus defends Jameis Winston

NFL players who could be traded by the deadline

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.