Ny Mets Owners Seek End to $1 Billion Madoff Lawsuit

Summary


NEW YORK (Reuters) - Owners of the New York Mets baseball team asked a federal judge on Thursday [July 7] to dismiss the $1 billion lawsuit against them by the trustee seeking money for victims of's Ponzi scheme.

Fred Wilpon, Saul Katz and others at Sterling Equities said the trustee Irving Picard cannot show they knew they were enabling Mr. Madoff to commit fraud at Bernard L. Madoff Investment Securities LLC, where they were customers, or acted in bad faith.

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Ny Mets Owners Seek End to $1 Billion Madoff Lawsuit

These defendants also rejected Mr. Picard's allegations that they were repeatedly wa...

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