Mar 14, 2012, 6:23 PM EDT
Jim Forkin of CNBC reports the judge in the upcoming Madoff/Wilpon/Mets trial ruled this afternoon that it is the defendants — meaning the Mets owners — who have the burden of proof. Not the bankruptcy trustee.
This is a pretty big deal. I haven’t seen the exact ruling, but it would seem that rather than forcing trustee Irving Picard to prove that the Mets owners were willfully blind to Madoff’s scheme while investing with him, it is now on the Mets owners to prove that they didn’t know that it was a scam or, that they behaved prudently at all turns or something along those lines.
The exact bogey they have to meet is key here. Depending on how it’s phrased, it could put the Mets owners in a prove-a-negative situation, or something close to it.
No matter what it is, however, it’s way easier to play defense than offense in these things, and thus the case just got that much tougher for Fred Wilpon, Saul Katz and the Mets.
- 2015 MLB Trade Deadline Tracker 5
- Giants to acquire Mike Leake from Reds 14
- Astros acquire Carlos Gomez and Mike Fiers from Brewers 40
- Pirates bolster bullpen, pick up Joakim Soria from Tigers 11
- The extraordinarily odd, 13-player Dodgers-Marlins-Braves trade is done 62
- Blue Jays acquire David Price from the Tigers 111
- Both the Phillies and the Rangers did well in the Cole Hamels trade 72
- Rangers land ace left-hander Cole Hamels from Phillies 106
- The MLBPA is considering withholding cooperation with ESPN, Fox over Colin Cowherd’s comments (157)
- The Cubs are in discussions with the Phillies on Cole Hamels (146)
- Major League Baseball rips Colin Cowherd in an official statement (123)
- Blue Jays acquire David Price from the Tigers (111)
- Rangers land ace left-hander Cole Hamels from Phillies (106)