Nov 4, 2011, 2:29 PM EDT
The big one — the case brought by the bankruptcy trustee for the Bernie Madoff debacle — is still going on, but the Mets are now poised to settle a bit of business.
It’s a lawsuit brought by employees of Sterling Equities — the company run by Fred Wilpon and Saul Katz — accusing the Mets owners of breaching the fiduciary duties by mishandling investments with Madoff, putting employee 401K money with him and that sort of thing.
Terms of the settlement weren’t disclosed, but it’s not like you or I care about that so much. The key here is that, one-by-one, Wilpon and Katz are getting this stuff put to bed. I would guess that they’ll get the big case brought by Irving Picard put to bed soon too. And they’ll have some minority investors in place, at least if you believe them when they say how much interest there is in all of that.
After that, baseball will be the primary order of the day in Queens.
(thanks to Martin S. for the heads up)
- Settling the Score: Friday’s results 4
- Mike Minor loses his no-hit bid with two outs in the eighth 5
- Manny Machado to undergo season-ending knee surgery 32
- The Cubs grounds crew was short staffed because the Cubs were trying to avoid Obamacare 237
- Cuban outfielder Rusney Castillo to sign with the Red Sox for $72 million 96
- And That Happened: Thursday’s scores and highlights 31
- 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
- The Cubs grounds crew was short staffed because the Cubs were trying to avoid Obamacare (237)
- 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 (96)
- A pitch clock in Major League Baseball? No thanks. (92)
- Even if he’s reinstated, does Pete Rose make the Hall of Fame? (86)