Tag Archives: Picard
Making Sense of the Settlement Between the Owners of the Mets and Picard in the Madoff Case
On March 19, 2012, the day the trial of the lawsuit by Irving Picard, the bankruptcy trustee in the Madoff case, against the owners of the Mets was to begin, the parties reached a settlement of Picard’s claims. The material terms of the settlement were placed on the record before District Court Judge Jed Rakoff. [...]
Madoff Trustee Says Defendants ‘Eviscerate’ Court, ‘Pervert’ Law
The liquidator of Bernard Madoff’s firm said people and companies he has sued in 247 actions are “eviscerating” the bankruptcy court and “perverting” the law by rushing to find new judges for their cases. Defendants in lawsuits by trustee Irving Picard including JPMorgan Chase & Co. (JPM) and the New York Mets owners have asked [...]
Mets Ruling Used Within Days as Weapon in Fighting Madoff Trustee Suits
A judge’s ruling that slashed a billion-dollar claim against the owners of the New York Mets three days ago is already being used as a weapon by other defendants in lawsuits brought by the liquidator of Bernard Madoff’s firm. Safra National Bank of New York yesterday asked a bankruptcy judge to dismiss a suit by [...]
Judge Narrows Madoff Trustee’s Suit vs. Mets Owners
In a ruling that could have a far-reaching impact on lawsuits seeking money for Bernard Madoff‘s victims, a federal judge threw out the bulk of claims by a court-appointed trustee who sought to recover about $1 billion from the owners of the New York Mets baseball team. The decision by U.S. District Judge Jed Rakoff [...]