Mets Score $200M Investment, Try To Strike Picard Suit

Law360, New York (May 26, 2011, 6:54 PM EDT) -- The owners of the troubled New York Mets baseball franchise said Thursday that they may sell a minority stake in the team for $200 million, and that the Bernard L. Madoff estate trustee's lawsuit against them doesn't belong in bankruptcy court.

David Einhorn, president of private investment firm Greenlight Capital Inc., is considering a personal minority investment in the team. A definitive agreement hasn't yet been reached, but the parties expect it to be completed by late June, according to the team, which is owned by...
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