Madoff-Mets Settlement: It Ain't Over Till It's Over
June 8, 2012, 1:51 PM EDT
Law360, New York (June 8, 2012, 1:51 PM EDT) -- On May 31, 2012, U.S. District Judge Jed S. Rakoff issued his much-anticipated and delayed order approving the settlement agreement between Madoff Trustee Irving Picard and the numerous defendants, constituting the Wilpon-Katz-Mets individual, business, family trust and charitable interests (collectively, the “Wilpons”).
However, would the great Yogi Berra — famous for saying, “it ain't over till it's over” — be likely to agree that it is over? There appear to be a few loose ends still present, within the Wilpons’ case itself and generally for the...