Mets/Madoff Settlement Off, Case To Be Unsealed

An article by posted on February 3, 2011

It turned out to be a volatile day as far as the Wilpon/Madoff mess goes. As my colleague Craig posted earlier today, the Wilpons took the gloves off and fired back at the trustee Irving Picard, and about two hours later both sides announced that the settlement talks were over.

David J. Sheehan, who represents Irving Picard, sent a letter to the presiding Judge Burton R. Lifland today asking that he unseal the lawsuit. Surprisingly, the Mets lawyers announced that the Mets owners also want the suit unsealed. That could happen on Friday.

It sounds like a wild game of cat and mouse, and if you’re still confused about what exactly is going on, join the crowd.

The following video from the Wall Street Journal, may help clear things up.

Tomorrow should be another big day, so stay tuned as we continue to follow this story.

Hat tip to Metsblog for the video.

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I'm a lifelong Mets fan who loves writing and talking about the Amazins' 24/7. From the Miracle in 1969 to the magic of 1986, and even the near misses in '73 and '00, I've experienced it all - the highs and the lows. I started Mets Merized Online in 2005 to feed my addiction and interact with other passionate Met fans like you. Follow me on Twitter @metsmerized.

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