Mets settle Madoff case for ... how much?


Mets settle Madoff case for ... how much?

From Comcast SportsNet
NEW YORK (AP) -- The owners of the New York Mets baseball team and a trustee for Bernard Madoff's fraud victims settled Monday for 162 million in a case aimed at repairing the damage from a massive investment scheme. The Mets owners will not pay anything for three years. Jury selection had been set to begin in a civil trial to determine how much the team owners will owe other investors who trusted their money to Madoff, who cheated thousands of investors of roughly 20 billion over at least two decades Trustee Irving Picard had argued the team owners knew that Madoff's corrupt investment scheme was a fraud but continued their investments anyway because they were making a lot of money. Lawyers for the owners insist their clients had no idea the investments were a sham. Both Fred Wilpon and Saul Katz, principal Mets owners, were in court Monday at the defense table. Judge Jed Rakoff said Picard had reviewed the evidence and will no longer pursue a claim of "willful blindness" against the defendants. The judge already had ruled the team's owners must pay up to 83.3 million in profits they received from Madoff. But another ruling blocked Picard from trying to collect the full 1 billion he sought to recoup. He has filed hundreds of lawsuits to force those who profited from their investment to pay into a fund for Madoff's victims. The case has damaged the Mets' financial picture, forcing the team to slash payroll and try to raise tens of millions of dollars by selling small chunks of the team. Dodgers Hall of Fame pitcher Sandy Koufax had been scheduled to testify in the trial about Wilpon's intentions. Koufax invested in Madoff's private investment business at Wilpon's recommendation.

Complete Cubs-Dodgers NLCS Game 6 coverage on CSN

Complete Cubs-Dodgers NLCS Game 6 coverage on CSN

Tune in to CSN at 6 p.m. for a postseason edition of Cubs Postseason Live as our crew gets ready for Game 6 of the NLCS against the Los Angeles Dodgers at Wrigley Field. Be sure to flip over to CSN immediately after the final out to get analysis and player reaction on Cubs Postseason Live.

Saturday's starting pitching matchup: Clayton Kershaw (2-0, 3.72 ERA) vs. Kyle Hendricks (0-1, 3.00 ERA)

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Five Things from Blackhawks-Blue Jackets: Same mistakes resurface

Five Things from Blackhawks-Blue Jackets: Same mistakes resurface

COLUMBUS, Ohio – We’ll save you some time tonight. The Blackhawks lost another one in familiar fashion. You can guess what our focus will be, so let’s get right to it.

Here are Five Things to take from the Blackhawks’ 3-2 loss to the Columbus Blue Jackets.

1. We’re trying not to pick on the penalty kill again, but… it cost them again. The Blackhawks gave up their 10th and 11th power-play goals in their first five games on Friday night. Opponents are planting themselves in front of Corey Crawford and, be it screens or tips, they’re capitalizing. Long-distance shots are getting through far too often. “I think our focus always has to be 5-on-5. When our effort and our energy and our work ethic is there it usually translates into our special teams and I don’t know. It’s frustrating," Jonathan Toews said. "We definitely have to keep pushing to find a solution. Even when it seems like we’re doing a good job bounces go against us. We deserve all the criticism and we just have to keep finding ways, dig deep and really try to dig ourselves out of this thing.”

2. The seven-defenseman set. Quenneville didn’t want Trevor van Riemsdyk sitting out too long, and for a few days it looked like Brian Campbell was going to be the odd-man out tonight. Instead the Blackhawks went with seven, which gave them the chance to rotate and put Campbell back on his natural left. With that, however, the forward lines were naturally skewed. Patrick Kane played nearly 29 minutes. Quenneville said earlier this season that it wouldn’t be something the Blackhawks would try often. Speaking of van Riemsdyk…

[SHOP: Gear up, Blackhawks fans!]

3. Van Riemsdyk hurt again. You have to feel for van Riemsdyk. He finally got healthy last season playing in all 82 games after knee and wrist injuries sidelined him the previous one. Now it looks like he’ll be out again after he went hard into the net late in the second period. Van Riemsdyk got tangled up and his right arm/shoulder collided with the post.

4. Tyler Motte gets his first. The University of Michigan product scored his first career NHL goal, a rebound off a Toews shot in the second period. Considering the game’s outcome, however, Motte’s enthusiasm was tempered. “It was exciting. It felt good to chip in offensively but obviously the real story is us losing another game,” he said. “We were better in the offensive zone but there are still some things to improve on. The most important thing is winning games.”

5. Brandon Saad great but stymied. The former Blackhawks left wing had some tremendous scoring opportunities on Friday. He had a team-high seven shots, most high quality, but Crawford stopped him every time. Just in case anyone needed a reminder of what the kid is capable of, regardless of which sweater he’s wearing.