Burden Of Proof Rests On Mets Owners In Madoff Trial

Law360, New York (March 14, 2012, 9:20 PM EDT) -- A New York federal judge said Wednesday that the owners of the New York Mets have to prove at their upcoming trial that they received $303 million they invested with Bernard Madoff without intentionally looking away from signs about his Ponzi scheme.

U.S. District Judge Jed Rakoff said the burden would not be on Madoff trustee Irving Picard, who brought the clawback suit against Mets owners Fred Wilpon and Saul Katz, but on the owners to prove that they accepted the money in good faith without...
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