• Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Experts in Risk
  • Class Actions
  • Criminal
  • Events
  • Features
  • Global
  • People
  • SEC
Browse: Home / 2011 / July / 08 / Mets owners ask judge to dismiss $1B Madoff suit

Mets owners ask judge to dismiss $1B Madoff suit

By Securities Docket on July 8, 2011, 11:07 am

Fred Wilpon, Saul Katz and other principals at Sterling Equities said the trustee, Irving Picard, cannot show they knew they were enabling Madoff to commit fraud at Bernard L. Madoff Investment Securities LLC, where they were customers.

The Sterling defendants “were betrayed by a friend and realized an aggregate loss of over half a billion dollars” on Dec. 11, 2008, the day Madoff’s fraud became known, a filing in Manhattan federal court shows.

Read more: Mets owners ask judge to dismiss $1B Madoff suit — New York Post

Posted in Criminal, Top | Tagged Madoff, Trustee

« Previous Next »

Subscribe

‘Enforcement 40’ for 2020

Ankura

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2023 Securities Docket.

  • Home
  • About
  • ‘Enforcement 40’ for 2020
  • Webcasts
  • Enforcement Hall of Fame
  • Contact
  • Criminal
  • Class Actions
  • Features
  • Global
  • People
  • SEC
  • Events