Mets Owners Near Deal Over Madoff Losses In 401(k) Plans

Law360, New York (November 2, 2011, 8:04 PM EDT) -- Attorneys for the New York Mets' owners said Tuesday they were close to settling a putative class action over the alleged loss of $16.2 million in employee retirement funds through investments with convicted Ponzi schemer Bernard L. Madoff.

“The parties have reached an agreement in principle identifying the primary terms of a settlement of this action,” attorneys for plaintiff Elyse Goldweber and the defendants said in a letter filed in New York federal court. Further details on the potential settlement were not immediately available Wednesday....
To view the full article, register now.




Case Information

Case Title

Goldweber v. Sterling Equities Associates et al

Case Number



New York Southern

Nature of Suit

Labor: E.R.I.S.A.


Paul A. Crotty

Date Filed

July 29, 2010

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.