Wednesday, March 14, 2012
Wilpons must convince the jury that they did not act in "bad faith" when they profited from Madoff
Five days before jury selection is set to begin in the civil trial in U.S. District Court in lower Manhattan, Rakoff ruled the burden is on the Wilpons to convince a jury they did not act in “bad faith” when they profited from convicted swindler Bernard Madoff’s Ponzi scheme.
The burden will not be on trustee Irving Picard, who brought the lawsuit, to prove the Wilpons were “willfully blind” to the Ponzi scheme.
Read the ESPN Article for more info