Mets’ owners agree to settle Madoff suit for $162 million
The New York Times
Fred Wilpon and Saul Katz, the owners of the Mets, settled the federal lawsuit brought against them by Irving H. Picard, the trustee for the victims of Bernard L. Madoff’s Ponzi scheme, for $162 million. Picard, in turn, dropped all claims that the men turned a blind eye to warnings that Madoff was operating a fraud during their many years of investing with him.
Read the full article here.