The four-page decision by U.S. District Judge Jed Rakoff in New York is a blow to the Mets owners, Saul Katz and Fred Wilpon, who have been in a prolonged legal battle for more than a year with Irving Picard, the court-appointed bankruptcy trustee seeking to find money for victims of Mr. Madoff's Ponzi scheme.
WSJ: Mets Owners Must Return Madoff Profits, Face Trial