Mets Lawyers Ask Judge To Toss Picard's $1B Suit

Law360, New York (July 7, 2011, 10:01 PM EDT) -- Owners of the New York Mets asked a federal judge Thursday to dismiss a $1 billion lawsuit filed by the trustee overseeing the liquidation of Bernard L. Madoff's firm, calling the complaint from Irving Picard "a fiction."

Mets owners Fred Wilpon and Saul Katz, who own the team through Sterling Equities Inc. and Sterling Mets LP, maintain  they knew nothing of Madoff's fraud and say that Picard cannot prove otherwise.

"They are victims. They were defrauded by Madoff," attorneys for the Mets owners said. "They are...
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Case Information

Case Title

Irving H. Picard v. Saul B. Katz et al

Case Number



New York Southern

Nature of Suit

Bankruptcy Withdrawal


Jed S. Rakoff

Date Filed

May 26, 2011

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