Found January 17, 2012 on
Matthew Cerrone's Mets Blog:
“The federal judge overseeing a lawsuit against the owners of the Mets brought by the trustee for the victims of Bernard L. Madoff’s fraud has again ruled against the trustee, declaring that he can not appeal an earlier ruling that sharply limited the financial exposure of the team’s owners,” according to Richard Sandomir of the New York Times.
The trustee in the clawback lawsuit against Wilpon/Katz, Irving Picard, was originally seeking $1 billion. However, according to Sandomir, Judge Jed Rakoff upheld his ruling from last year and can seek no more than $386 million when their case reaches trial on March 19.
For more, check out the New York Times.
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