Jul 31, 2010, 1:37 PM EDT
Before you get too excited for news of the Mets making a big, big trade deadline splash, you may want to read this:
New York Mets principal owner Fred Wilpon was sued on Friday over alleged losses suffered by retirement plan participants at his firm Sterling Equities. The complaint filed Friday in Manhattan federal court said Sterling invested $16.2 million, or 92 percent, of the 401(k) plan’s $17.6 million of assets with convicted Ponzi-schemer Bernie Madoff . . .
. . . The complaint seeks class-action status on behalf of plan participants, a number it estimates in the hundreds. There were 267 participants at the start of 2008, the complaint said.
The Wilpons have a lot of things on their plate that don’t involve the Mets.
- Cardinals GM John Mozeliak: Matt Adams out 3-4 months, possibly the year, with torn quad 9
- Bryce Harper leads in the first round of National League All-Star voting 26
- Buster Olney: The Marlins should hire A-Rod to be their next manager 43
- Breaking down the Braves-Dodgers trade 18
- And That Happened: Tuesday’s scores and highlights 34
- So that Juan Uribe trade to the Braves is back on … 11
- Ruben Amaro apologizes for comments about fans, admits he may have been late on rebuild 24
- Jonathan Lucroy expected to rejoin the Brewers on Monday 0
- And That Happened: Wednesday’s scores and highlights (133)
- And That Happened: Thursday’s scores and highlights (96)
- Ichiro Suzuki passes Babe Ruth on the all-time hits list (76)
- And That Happened: Monday’s scores and highlights (71)
- Ruben Amaro dismisses fans who “bitch and complain” about the Phillies’ moves (71)