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.
- Giants rout Royals 11-4 in Game 4 to even up the World Series at 2-2 14
- Mike Trout, Giancarlo Stanton win the Hank Aaron Award 1
- World Series, Game 4: Royals vs. Giants lineups 1
- Report: Rays owner Stuart Sternberg has discussed moving the team to Montreal 62
- Dave Dombrowski on Miguel Cabrera: “It’s worse than what we ever would have anticipated” 33
- World Series Reset: Can the Giants even things up? 4
- Behind strong bullpen, Royals edge Giants 3-2 to take a 2-1 World Series lead 36
- Paul Konerko, Jimmy Rollins named co-winners of the Roberto Clemente Award 4
- Shocker! Joe Maddon to opt out of his contract and leave the Rays (143)
- Erroneous Narrative Alert: no, the Giants are not a “gritty,” anti-stats organization (122)
- Pedro Martinez has some opinions about who the new “face of baseball” is (112)
- PANTY RAID! Homeland Security agents confiscate unlicensed Kansas City Royals underwear (109)
- The World Series ratings are low. So what? (107)