Pursuits
Madoff, Goldman, HSBC, SunTrust, Google in Court News
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Bernard Madoff’s investors could lose $3 billion if the liquidator of the con man’s firm doesn’t succeed in overturning a judge’s ruling that dismissed much of his $1 billion claim against the owners of the New York Mets.
U.S. District Judge Jed Rakoff on Sept. 27 dismissed nine of 11 causes of action asserted by trustee Irving Picard against trusts and individuals linked to Fred Wilpon and Saul Katz. He said Picard could try to reclaim only two years of withdrawals from the Ponzi scheme.