Mets Owners, Madoff Trustee End Settlement Talks in Lawsuit

by FanHouse Newswire

Filed under: Mets, Sports Business and Media

NEW YORK (AP) -- A lawyer for the trustee trying to recover money for the victims of the Bernie Madoff Ponzi scheme says negotiations have ended to settle a lawsuit filed against the New York Mets owners and their affiliated companies.

David J. Sheehan, a lawyer for trustee Irving H. Picard, sent a letter to Judge Burton R. Lifland of U.S. Bankruptcy Court in Manhattan on Thursday asking that he unseal the lawsuit filed Dec. 7 against Fred Wilpon, Jeff Wilpon, Saul Katz and dozens of entities and people connected to the Mets and Sterling Equities.

Karen E. Wagner, a lawyer for the Mets owners, said in a letter to Lifland later Thursday that her clients no longer opposed unsealing the suit.

A Feb. 9 hearing had been scheduled on a motion to unseal the suit filed by The New York Times and WNBC.

 

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Source: http://mlb.fanhouse.com/2011/02/03/mets-owners-madoff-trustee-end-settlement-talks-in-lawsuit/

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