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...
To view the full article, register now.