Just in case you haven’t heard, a federal judge took a significant bite out of the lawsuit against the Mets ownership. U.S. District Judge Jed Rakoff ruled recently that Sterling Equities is only on the hook for $386 million, not the full $1 billion sought by court-appointed trustee Irving Picard. Picard sued the Wilpons, Saul [...]
As a Yankee fan, I do not generally follow the day-to-day minutiae involving their cross-town rivals. However, as a subject matter expert on money laundering and financial investigations, I have been following the Bernie Madoff scandal with great interest. Irving Picard, the court appointed attorney charged with recovering assets for Madoff’s fraud victims, recently filed [...]