The most likely outcome: The judge lets the trial go forward as is, and the Mets' checkbook is mothballed
Irving Picard's calculation method was approved in spite of victims' complaints.
Well, THIS is awkward.
Technically, of course, this all has to do with baseball. But much of the news lately has involved not pitchers and catchers, but lawsuits and debt.
It seeks the return of some $300 million in what it calls "false profits."
The Mets' owners no longer oppose unsealing Irving Picard's suit against them.
Says a Mets lawyer for the Mets' owners: "We believe the complaint is baseless, both factually and legally."
Five Madoff grandchildren are named in lawsuits to recover funds for Ponzi scheme victims.
Irving Picard spent $26.9 million to recover $849,000.
Madoff trustee Irving Picard rips Bernie's feeder fund a new one.
At least someone is.
J. Ezra Merkin's funds are still getting sued for $564.6 million, but some of that money will have to come from the funds that lost it all.
The trustee of the Madoff estate is loathed by mostly everyone. :(
Now the trustee charged with recouping money for defrauded investors says that Fairfield Greenwich executives knew too much to be innocent, and owe billions for their collusion.
Real-estate brokers have been invited to visit the Ponzi schemer's house, while he's still in it! Awkwardness ensues.