Mets Owners Going To Trial In Madoff Clawback Case

Law360, New York (March 5, 2012, 12:24 PM EST) -- A federal judge ruled Monday to force the owners of the New York Mets to go to trial to try to hang on to millions they withdrew from accounts with Bernard L. Madoff before his Ponzi scheme collapsed.

In a highly anticipated ruling, U.S. District Judge Jed S. Rakoff denied a motion from Saul Katz and Fred Wilpon to toss a case brought by the Madoff trustee, Irving Picard.

Picard claims that the two deliberately ignored signs Madoff was running a fraud and says they should...
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Case Information

Case Title

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


Case Number

1:11-cv-03605

Court

New York Southern

Nature of Suit

Bankruptcy Withdrawl

Judge

Jed S. Rakoff

Date Filed

May 25, 2011

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