{"id":28063,"date":"2012-03-20T10:44:49","date_gmt":"2012-03-20T14:44:49","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=28063"},"modified":"2012-03-20T10:44:49","modified_gmt":"2012-03-20T14:44:49","slug":"mets-owners-settle-madoff-trustee-case-for-162-million","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2012\/mets-owners-settle-madoff-trustee-case-for-162-million.html","title":{"rendered":"Mets Owners Settle Madoff Trustee Case for $162 Million"},"content":{"rendered":"<p>Bloomberg &#8211; The $162 million settlement that resolves claims by the liquidator of\u00a0Bernard Madoff\u2019s firm against the owners of the\u00a0New York Mets\u00a0won\u2019t require them to pay any money for at least four years, if ever.<\/p>\n<p>U.S. District Judge Jed Rakoff announced the settlement today before the parties were set to pick a jury for a trial over whether the Mets owners acted in bad faith when they withdrew money from Madoff\u2019s Ponzi scheme. Under the settlement,\u00a0Fred Wilpon, Saul Katz and related parties owe the Madoff estate $162 million in fictitious profits, which may be totally or partially offset by their own claims for $178 million in losses.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-03-19\/mets-owners-to-settle-madoff-trustee-case-for-162-million-1-.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; The $162 million settlement that resolves claims by the liquidator of\u00a0Bernard Madoff\u2019s firm against the owners of the\u00a0New York Mets\u00a0won\u2019t require them to pay any money for at least four years, if ever. U.S. District Judge Jed Rakoff [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-28063","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=28063"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28063\/revisions"}],"predecessor-version":[{"id":28064,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/28063\/revisions\/28064"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=28063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=28063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=28063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}