• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Securities-Docket-Leaderboard_9Sec
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2012 / March / 19 / Mets Owners Settle Madoff Trustee Case for $162 Million

Mets Owners Settle Madoff Trustee Case for $162 Million

By Securities Docket on March 19, 2012, 2:30 pm

The New York Mets owners will pay $162 million to settle a $303 million lawsuit by the liquidator of Bernard Madoff’s firm, just before they were due to go to trial for allegedly ignoring the fraud. Fred Wilpon, Saul Katz and related defendants reached the settlement with the liquidator, trustee Irving Picard, on March 16, U.S. District Judge Jed Rakoff in Manhattan said today. The settlement has to be approved by a bankruptcy court judge, Rakoff said. The Mets owners will pay the money over a period of five years, Rakoff said.

via Mets Owners Settle Madoff Trustee Case for $162 Million – Bloomberg.

Blog Widget by LinkWithin

Posted in Criminal, Industry, Top | Tagged Clawback, Madoff

« Previous Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.