The Banking and Strategy Initiative

Chillin' out till it needs to be funded

The Mets are home free! | Deal insight

The infamous Judge Rakoff passed judgement on the mets well under the $178 mln watermark that is due to them when he ruled the Mets incl Fred Wilpon, Saul Katz and related parties owe the Madoff estate $162 mln for withdrawing money from the Ponzi scheme as it was unwinding. Picard withdrew the allegation that the Mets’ owners were “wilfully blind” as part of the settlement while Judge Rakoff has announced the settlement but has to approve the same for it to take effect.

 

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This entry was posted on March 19, 2012 by in Dealbook, Mergers etc and tagged , , , , , , , .

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