Madoff Trustee Agrees To $162M Settlement With New York Mets' Owners

Madoff Trustee Agrees To $162M Settlement With New York Mets' Owners

NEW YORK - The owners of Major League Baseball's New York Mets and the liquidation trustee of Bernard L. Madoff Investment Securities LLC (BLMIS) agreed on March 19 to a $162 million settlement of claims relating to the defendants' alleged profiting from Madoff's massive Ponzi scheme (Irving H. Picard v. Saul B. Katz, et al., No. 11-3605, S.D. N.Y.).

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