The well known travails of Fred Wilpon, the principal
owner of the New York Mets, have all converged this past week. He, his
partner Saul Katz and their families and affiliated enterprises (the
"Wilpon/Katz Group") lost several hundred million dollars when Bernard Madoff's
Fred Wilpon, Saul
Katz, and their families and affiliated enterprises (the "Wilpon/Katz
Group") last week formally requested the dismissal of the adversary proceeding
commenced by Irving Picard, the trustee
of Bernard L. Madoff Investment Securities LLC ("BLMIS") . In a two
A recent New York Times article by Andrew Ross Sorkin
severely and unfairly criticizes Irving Picard, the trustee for the Bernard L.
Madoff Ponzi scheme. It states, "Mr. Picard has had much more success
collecting money for himself and a dozen law firms and consultants than any
victim of Mr...