wilpons

Picard Down To His Final Out in the Bottom of the Ninth

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NOTE: this was written by MetsToday loyal reader and legal consultant Robert Tandy, Esq. It is an overview of what is happening with the Irving Picard case vs. Sterling Equities. Mr. Tandy will keep us posted on developments in the case with periodic updates. -Joe

On February 23, 2012, the ten individual partners of Sterling Equities (the “Sterling Defendants”), their family members, trusts, foundations, and affiliated business entities will move for summary judgment dismissing the Trustee’s remaining causes of action against the Sterling Defendants.

By way of background, the procedural history of the case can be summarized as follows:

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Reactions To News That Mets Are For Sale

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Amazin’ Avenue says the Mets / Wilpons “haven’t been totally forthright with the ticket-buying public” BarStoolSports – NYC wonders if his prayers have been answered MadoffMemoranda finds it hard to believe that Fred Wilpon and Saul Katz never found anything fishy about Bernie Madoff’s operations Geez, even our NL East rivals are getting into the … Read more

Mets For Sale

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So much for the conspiracy “theory” — as it turns out, the Madoff scandal did and does affect the Wilpons and the New York Mets in particular, despite countless denials to the contrary. From last week’s press release: As Sterling Equities announced in December, we are engaged in discussions to settle a lawsuit brought against … Read more

Mets To Lower Ticket Prices

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In a letter to season-ticket holders, the Wilpons wrote: “Everyone at the Mets – our Ownership, GM Omar Minaya, Manager Jerry Manuel, the coaches, players, front office and staff – shares your disappointment with the 2009 season. You soon will hear from Ownership and Omar about how we plan to improve the ball club through … Read more