Originally posted on Mets Merized Online  |  Last updated 3/19/12
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 w
MORE FROM YARDBARKER:
Five most anticipated September MLB call-ups
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

The NFL is thinking about eliminating the preseason

Romo expected to miss 6-10 weeks with broken bone in back

Kaepernick explains why he is protesting national anthem

Dwyane Wade’s cousin shot and killed in Chicago

NFL tries to reduce kick returns, promptly causes more kick returns

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

San Francisco Giants inching closer to a record they really don’t want

Clint Dempsey undergoing testing for irregular heartbeat

Troubling details emerge from Jeremy Jeffress' DWI arrest

Chargers would welcome Joey Bosa if he signed contract

Falcons rookie Keanu Neal needs surgery on knee

Jerry Jones unhappy with Ezekiel Elliott's dispensary visit

Heading into the homestretch: 2016 ROY favorites

Premier League notebook: The love affair at Man U

One Gotta Go: NFL legends talking comedians is no joke

It's all about timing: The evolution of the clock in sports

Predicting the unpredictable: Your MTV VMAs rundown

10 great moments in the career of Roberto Duran

Marshall’s first impression of Fitzpatrick: ‘He was terrible’

One Gotta Go: NFL legends bring the hate for fast food

What you need to know about the Champions League draw

Six worst quarterback situations in the NFL

Can the San Francisco Giants bust their teamwide slump?

A look at 2016 college football conference changes

MLB 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!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Premier League notebook: The love affair at Man U

Heading into the homestretch: 2016 ROY favorites

One Gotta Go: NFL legends talking comedians is no joke

It's all about timing: The evolution of the clock in sports

Predicting the unpredictable: Your MTV VMAs rundown

10 great moments in the career of Roberto Duran

The 20 best boxing movies of all time

One Gotta Go: NFL legends bring the hate for fast food

What you need to know about the Champions League draw

Can the San Francisco Giants bust their teamwide slump?

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker