Wilpon, Mets Owners Liable for $83 Million: Audio

Fred Wilpon and other owners of the New York Mets baseball club were held liable by a district judge to pay what could be $83.3 million to the trustee for Bernard L. Madoff Investment Securities Inc., as Bloomberg Law's Lee Pacchia and Bloomberg News bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle explains how the Wilpon group is also facing trial to begin March 19 where the Madoff trustee is seeking to recover an additional $303 million. Rochelle describes when the Wilpon group and the trustee can take appeals and when the defendants are likely to be forced to post a bond to cover the upcoming judgment.

(Source: Bloomberg)

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