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...
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