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Any way you look at it, the 18-page decision filed yesterday by United States District Judge Jed Rakoff in the Mets/Madoff case has to be viewed as a win, even a vindication of sorts, for Mets owners Fred Wilpon and Saul Katz.
A judge is allowing a lawsuit to proceed in limited form against the owners of the New York Mets by the trustee recovering money for investors who lost money to jailed financier Bernard Madoff.
The Wilpon/Katz group won a big victory by the mere fact that Judge Rakoff has decided to keep the whole trial (if there is a trial, which there probably will be) in federal district court and not in bankruptcy court.
The Second Circuit rejected any argument for a different definition of net equity, leaving intact the definition set forth by Picard and affirmed by Bankruptcy Judge Lifland. Good news for the Mets' owners.
First, he was busted for orchestrating a multi-billion dollar Ponzi scheme. Then he was jailed for 150 years. And, now it seems that his wife Ruth is calling it quits, according to a report in the U.K.'s Daily Mail.
Mets co-owners Fred Wilpon and Saul Katz and their investment fund, Sterling Equities, allege trustee Irving Picard made "false allegations" and omitted evidence favorable to the owners in order to force a settlement.
Every time the men who run the Mets pout before a forest of microphones, it is we who become angry. Very few powerful people know when to quit, and with each hollow assertion and rampant denial, Fred Wilpon is being selfish, defiant, and destructive.
The world is hearing the voice of the Wall Street swindler for the first time since he went to prison.
In his first in-depth interview since his arrest in December 2008, convicted financier Bernard Madoff asserted some banks were "complicit" in his massive Ponzi scheme.
Disgraced Wall Street financier Bernard Madoff has told a newspaper that banks and hedge funds were "complicit" in his scheme to fleece victims out of billions of dollars.
Flushing faithful worry that shortstop Jose Reyes, unsigned after 2011, could be a possible casualty of the Mets' financial woes. Reyes said on Thursday that he's aware of the chatter, but is only focused on helping New York succeed on the field.
The unsealing of the Madoff/Sterling Partners complaint has law firms on both sides firing at each other and has Fred Wilpon and Saul Katz issuing their own public statements. Here are some of the "red flags," alleged by Irving Picard in the complaint Below is a listing and discussion of some of the "red flags," alleged by Trustee Irving Picard in the complaint, that the Sterling Partners "consciously disregarded," according to the complaint.
Now that the Super Bowl has been dissected like that poor, prostrate frog from your science class, there's a frigid wind howling through the sporting world, much like the real one that has frozen our nation from top to bottom.
To the jaded and jilted Mets fan, the recent revelations about the Mets, Madoff, and money create a portal through which opulent and competent people will buy the team from the limping Wilpons. If only it were that easy.
The son of Martin Luther King Jr. and television executive Larry Meli are reportedly part of a group interested in becoming part owners of the Mets, according to the NY Post.
Martin Silver, who owners the Georgi vodka brand, said he wants to meet with Mets owners Fred and Jeff Wilpon to discuss buying a piece of their struggling franchise.
The Mets have even more problems to worry about than just the start of spring training in the coming weeks. In fact, these problems could change the direction of the franchise for years to come. Those problems are major money issues with the owners.
Bernard Madoff's former secretary has made bail and will await her New York trial while on house arrest.
U.S. District Judge Laura Taylor Swain rejected the arguments by lawyers for 62-year-old Annette Bongiorno that her husband should be allowed to post money from his bank accounts to support a bail package.
The news that some of Bernard Madoff's victims could be getting half their money back was of little comfort to Richard and Cynthia Friedman, and others who saw their life savings erased in the mammoth fraud.
The trustee recovering money for Bernard Madoff's burned investors has reached a $7.2 billion settlement with the estate of a Florida philanthropist and businessman.
Federal Judge Laura Taylor Swain noted that Annette Bongiorno concedes she has $2.4 million. Prosecutors say Madoff's 62-year-old longtime secretary likely has stashed away millions more.
Stephanie Madoff said in a statement Wednesday that she was "devastated" by her husband's death.
The body of Mark Madoff has been taken from the morgue to a Manhattan funeral chapel.
The eldest son of disgraced financier Bernard Madoff hanged himself by a dog leash in his apartment Saturday after two years of "unrelenting pressure" following his father's arrest.
Participants at the annual Good Riddance Day event in Times Square had a chance to wipe their slates clean for the new year Saturday.
One pedestrian was killed and two others were injured after a crash sent a taxi careening onto a sidewalk in Queens early Saturday morning.
NBA star Victor Wembanyama played chess with fans in Washington Square Park while the San Antonio Spurs were in town to play the Knicks and Nets.
Emma and Liam top the list of New Yorkers' favorite baby names for another year, the NYC Department of Health says.
The Pro Football Hall of Fame on Saturday announced the names of the 15 modern-era finalists who advanced from a group of 25 to the final stage of voting.
Participants at the annual Good Riddance Day event in Times Square had a chance to wipe their slates clean for the new year Saturday.
One pedestrian was killed and two others were injured after a crash sent a taxi careening onto a sidewalk in Queens early Saturday morning.
NBA star Victor Wembanyama played chess with fans in Washington Square Park while the San Antonio Spurs were in town to play the Knicks and Nets.
Emma and Liam top the list of New Yorkers' favorite baby names for another year, the NYC Department of Health says.
A young man from Mauritania receives help settling into the city as he serves as a youth ambassador for others.
A very similar setup to Thursday will be underway Friday, with highs in the mid to upper 30s under mostly sunny skies.
The National Weather Service says snow depth in Central Park was 1 inch at 7 a.m. Christmas morning. That's the minimum amount of snow needed to make it officially a White Christmas.
Some light snow is moving through NYC and the surrounding New York and New Jersey area today, just in time for Christmas Eve.
New York City congestion pricing cleared late legal challenges in Manhattan and Rockland County, keeping it on track to start Jan. 5, 2025.
NYC is facing the coldest weather in a while, and New York and New Jersey could be in for a White Christmas with snow on the way.
Former U.S. Sen. Bob Menendez is asking a federal judge to delay his end-of-January sentencing on bribery charges.
The sinkhole that cratered a section of I-80 in New Jersey was caused by an abandoned mineshaft collapsing underneath the highway, state transportation officials say.
Authorities are distributing bottled water in Edison, N.J. after a water main break left thousands of residents without any to drink, bathe or cook with.
With congestion pricing set to start on Jan. 5, the MTA now says it has the right to hike the prices even more on gridlock alert days.
Crews are trying to repair a massive water main break that left thousands in Edison, New Jersey with little or no water pressure.
In the hours ahead of Friday's Mega Millions drawing, the jackpot grew to $1.22 billion.
With congestion pricing set to start on Jan. 5, the MTA now says it has the right to hike the prices even more on gridlock alert days.
A very similar setup to Thursday will be underway Friday, with highs in the mid to upper 30s under mostly sunny skies.
A Long Island father and son are having a Christmas like no other. They've just moved from a homeless shelter into their own apartment, thanks to Catholic Charities.
The National Weather Service says snow depth in Central Park was 1 inch at 7 a.m. Christmas morning. That's the minimum amount of snow needed to make it officially a White Christmas.
With congestion pricing set to start on Jan. 5, the MTA now says it has the right to hike the prices even more on gridlock alert days.
Former President Bill Clinton remains in "good spirits," a spokesman said.
New York City congestion pricing cleared late legal challenges in Manhattan and Rockland County, keeping it on track to start Jan. 5, 2025.
President Biden is granting clemency to 37 of the 40 federal inmates facing death sentences. Their sentences will be commuted to life in prison without the possibility of parole.
A report by the House Ethics Committee found former Rep. Matt Gaetz paid multiple women, including a 17-year-old girl, for sex.
Emma and Liam top the list of New Yorkers' favorite baby names for another year, the NYC Department of Health says.
A new course at Albert Einstein College of Medicine in the Bronx aims to help medical students understand the community they serve.
A woman who lost her jaw after being caught in a crossfire in Ukraine can smile again thanks to transformative surgery in New York.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
New York Congressman-elect George Latimer expects "major pushback" to Robert F. Kennedy Jr.'s potential vaccine policy if he heads Donald Trump's Health and Human Services Department.
Olivia Hussey won a Golden Globe for best new actress for her part as Juliet in Franco Zeffirelli's 1968 adaptation of William Shakespeare's "Romeo and Juliet."
A judge ruled that a woman who says she was raped by Jay-Z and Sean "Diddy" Combs when she was 13 can proceed anonymously, for now, in her lawsuit against the rap moguls.
Just shy of his 70th birthday, Denzel Washington has a new line to add to an already impressive résumé.
Sean "Diddy" Combs was back in federal court in Lower Manhattan on Wednesday for a pretrial hearing.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
NBA star Victor Wembanyama played chess with fans in Washington Square Park while the San Antonio Spurs were in town to play the Knicks and Nets.
The Pro Football Hall of Fame on Saturday announced the names of the 15 modern-era finalists who advanced from a group of 25 to the final stage of voting.
Victor Wembanyama had 19 points, seven rebounds and six blocks, and the Spurs beat the Nets on Friday night.
The New York Knicks extended their winning streak to six games with a win over the Orlando Magic on Friday night.
The New Jersey Devils defeated the Carolina Hurricanes on Friday night.
A young man from Mauritania receives help settling into the city as he serves as a youth ambassador for others.
In the hours ahead of Friday's Mega Millions drawing, the jackpot grew to $1.22 billion.
Nine people died in the crush of the crowd outside a celebrity basketball game at City College on Dec. 28. 1991.
Volunteers delivered 14,000 meals to older New Yorkers on Christmas Day.
People living in one Harlem apartment building say they are freezing as they await a new boiler system.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
CBS News New York's Vanessa Murdock has your weather forecast for Dec. 28 at 6:30 p.m.
San Antonio Spurs star player Victor Wembanyama played chess with fans in Washington Square Park on Saturday.
Saturday was the day to say "good riddance" to any negativity in 2024. For almost 20 years, people have taken part in the Times Square tradition, hoping to erase the bad in hopes of a better new year. CBS News New York's Kristie Keleshian reports.
Two performances of the Broadway revival of "Gypsy" were canceled Saturday due to illnesses affecting the cast. The musical canceled a total of seven performances between Dec. 23-28.
A man remains in critical condition after he suffered serious burns at Penn Station on Friday.
