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The trustee trying to recover funds on behalf of victims of Bernard Madoff's Ponzi scheme filed his final paperwork Friday in U.S. District court related to the settlement of the lawsuit. Essentially, Fred Wilpon and family agreed to repay $162 mi...

Diane Henriques, author of the Bernard Madoff book "The Wizard of Lies," told CBS News that Madoff was "desperately disappointed" that one-time good friend Fred Wilpon did not take the lawsuit against him to trial. The Wilpons settled for $162 mil...

Listen to the complete interview: General manager Sandy Alderson told reporters Tuesday afternoon that a cloud has been lifted from the Mets' heads with Monday's settlement in the Bernard Madoff-related clawback lawsuit against Mets principal...

Sandy Alderson said a cloud had been lifted with the settlement of the one-time $1 billion lawsuit against team owners Fred Wilpon and Saul Katz and their family. "From just an overall organizational standpoint, the landscape today is a lot bright...

Mets general manager Sandy Alderson said a cloud has lifted from above the organization with Monday's settlement of a lawsuit against the team's owners.

Fresh off a favorable settlement in the lawsuit trying to recover profits from Bernard Madoff's Ponzi scheme, the owners of the New York Mets had a pair of other positive developments become public Monday. A team official confirmed the organizatio...

Amazin' math: A $162M fraud judgment equals a victory for Wilpons.

In a major ruling Wednesday heading into next week's trial, U.S. District Court Judge Jed S. Rakoff threw a curveball to the defense team in the $386 million lawsuit against Fred Wilpon, his family, businesses and charities. Five days before jury ...

A federal judge says New York Mets owners must show a jury next week they weren't willfully blind to a gigantic fraud carried out by their friend, Bernard Madoff.

Thirty witnesses may testify in the $386 million lawsuit against Fred Wilpon and family related to the Bernard Madoff Ponzi scheme. There are some contested witnesses, such as whether Sandy Koufax will be allowed to testify. Here is the order of w...

It should be an eventful day Monday as David Wright (rib cage) and Tim Byrdak (knee) are due to be examined in New York, the witness lists are due in the $386 million lawsuit against Fred Wilpon and family that is set to go to trial in a week, and th...

In a Friday afternoon hearing in lower Manhattan, U.S. District Court Judge Jed S. Rakoff told the parties in the $386 million lawsuit against Mets owners that he will begin seating a nine-person jury on March 19. After jury selection, there will ...

Judge Jed S. Rakoff has called an impromptu 4:30 p.m. hearing in U.S. District Court in lower Manhattan in the $386 million clawback lawsuit against Fred Wilpon and family. I'm told that's just the continuation of a Feb. 23 hearing setting up the ...

U.S. District Court Judge Jed S. Rakoff ruled Monday that Mets principal owner Fred Wilpon, his family, businesses and charities must pay $83 million to the trustee trying to recover funds to net losers in Bernard Madoff's Ponzi scheme.

Inside his federal courtroom in lower Manhattan late Thursday afternoon, the judge presiding over the $386 million clawback lawsuit against Mets owner Fred Wilpon and family struck three expert witnesses from testifying. The judge also said he wou...

Judge Jed S. Rakoff on Wednesday sided with trustee Irving Picard, ruling he was entitled to present his case to a jury in March if the lawsuit trying to recover funds for victims of Bernard Madoff's Ponzi scheme is not settled beforehand. Michael...