Jul 31, 2010, 1:37 PM EST
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.
- Report: Yankees have agreed to a three-year deal with Carlos Beltran 93
- Mike Napoli agrees to two-year, $32 million deal with Red Sox 30
- Curtis Granderson leaves Yankees for Mets (and $60 million) 66
- Robinson Cano agrees to $240 million deal with Mariners 257
- MLB, NPB nearing new posting system agreement 9
- Robinson Cano agrees to $240 million deal with Mariners (257)
- Yankees agree to seven-year, $153M contract with free agent outfielder Jacoby Ellsbury (160)
- Report: Mariners willing to offer Robinson Cano a 10-year, $240 million deal (143)
- When will the Yankees regret the Jacoby Ellsbury contract? (101)
- Robinson Cano signing only bad if the Mariners stop now (93)