Showing posts with label Hearing. Show all posts
Showing posts with label Hearing. Show all posts

Thursday, February 23, 2012

Hearing on Thursday could predict Mets Owners Fate in Madoff Case


According to the NY Times, Lawyers for the Mets’ owners and the trustee for the victims of Bernard L. Madoff’s fraud will meet in Manhattan federal court on Thursday, less than a month before a jury trial is scheduled to start.

Both sides have filed motions for summary judgment and a federal judge could decide from the bench and potentially make significant rulings in the multi-million-dollar case against the Mets’ owners.

The legal fight has lasted more than a year. It started in federal bankruptcy court and moved to district court. In total, it has produced thousands of pages of legal filings.

The stakes are high. Fred Wilpon and Saul Katz, brothers-in-law and Mets’ co-owners, could be held liable at trial for $83 million to $386 million — and possibly more depending on future appeals.

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