According to the New York Post, the attempt to cut a deal involving this lawsuit fell to pieces late yesterday, as reported by my colleagues Craig/Hojo’s Mojo, and put the Mets in basically the worst possible position. The Post writers wrote: The failure to cut a deal with the trustee empowered to claw back cash from those who profited from Madoff’s epic scheme also sets the stage...
Read More
From the NY Post: Settlement talks between the Mets and the trustee recovering money for Bernie Madoff’s victims reportedly broke down this afternoon amid a dispute over the leaking of information from a sealed lawsuit. “We are no longer pursuing settlement negotiations,” said David Sheehan, a lawyer for the trustee Irving Picard, who filed a lawsuit against Mets owner Fred...
Read MoreIt 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...
Read MoreThe Daily News, in an exclusive interview with the lawyers for the Mets, had a compelling argument that calls the the claw-back lawsuit “baseless”. David Caplan of Davis Polk Wardwell LLP told The News Wednesday that the suit filed in December against the Wilpons and Fred Wilpon’s brother-in law Saul Katz by Madoff trustee Irving Picard is a “strong-arm” attempt to...
Read More
In an off-season filled with signings that required extensive use of Wiki and Baseball Reference to figure out who they were, one among them really captured my attention; Taylor Buchholz. Probably the least familiar among names like Chris Capuano, Chris Young, Willie Harris and Scott Hairston, Buchholz to me seems to have the most upside and could offer the most bang for the buck. Let me explain...
Read More
