Mets Owners Score Win In Forum Fight With Madoff Trustee

Law360, New York (July 1, 2011, 8:01 PM EDT) -- The trustee overseeing recovery for Bernard L. Madoff's victims lost a fight Friday to keep a $1 billion lawsuit against the owners of the New York Mets in a New York bankruptcy court, with a federal judge ruling the case belongs in his ballpark.

Trustee Irving Picard has lodged hundreds of suits in bankruptcy court against investors and other parties associated with the Madoff scheme as part of the recovery effort. The Mets case marks the fourth suit in which defendants have successfully argued to move...
To view the full article, register now.