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.
- Manny Machado to undergo season-ending knee surgery 7
- The Cubs grounds crew was short staffed because the Cubs were trying to avoid Obamacare 196
- Cuban outfielder Rusney Castillo to sign with the Red Sox for $72 million 93
- And That Happened: Thursday’s scores and highlights 30
- The Nationals extend their winning streak to 10 games with another walk-off victory 12
- Garrett Richards out 6-9 months with torn patellar tendon 14
- A pitch clock in Major League Baseball? No thanks. 92
- And That Happened: Wednesday’s scores and highlights 82
- The Cubs grounds crew was short staffed because the Cubs were trying to avoid Obamacare (199)
- Mike Matheny addresses turmoil in Ferguson: “It’s a sad situation. It’s a tough situation for our city” (127)
- Cuban outfielder Rusney Castillo to sign with the Red Sox for $72 million (93)
- A pitch clock in Major League Baseball? No thanks. (92)
- Even if he’s reinstated, does Pete Rose make the Hall of Fame? (84)