Mets Owners Ask High Court To Revisit Madoff Loss Math

Law360, New York (February 9, 2012, 5:35 PM EST) -- The owners of the New York Mets and others asked the U.S. Supreme Court on Feb. 3 to review a lower court's decision that former customers could recover only their principal investments in Bernard Madoff's bankrupt investment company, not the fraudulent values listed on financial statements.

Sterling Equities Associates, a company owned by Mets owners Saul Katz and Fred Wilpon, filed a petition asking the Supreme Court to revisit the Second Circuit's affirmation of a New York bankruptcy court ruling.  They say the ruling allowed Irving...
To view the full article, register now.
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.