Irving Picard News
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New York Mets general manager Sandy Alderson, preparing to drive to Florida for spring training earlier this month, joked with fans through Twitter messages about the sorry state of his baseball team’s finances.
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California Attorney General Kamala Harris told a judge she is entitled to pursue a lawsuit against the estate of a former Bernard Madoff investor for allegedly violating state laws, and the court should bar interference in the “people’s action” by the Madoff trustee.
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New York Mets owner Fred Wilpon said the cash-strapped team has completed the sale of seven minority ownership shares, four of which went to the regional sports network owned by the team, Time Warner Cable Inc. and Comcast Corp.
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The owners of the New York Mets asked a judge to end a $386 million lawsuit by the Bernard Madoff brokerage trustee without a trial, saying at a hearing yesterday that he hasn’t proved his contention that they ignored the fraud because it benefited their business.
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Bank of New York Mellon Corp., the world’s largest custody bank, may head to trial to defend against a lawsuit by Virginia claiming the state’s pension funds were defrauded in foreign-currency trades.
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The late Mark Madoff’s ex-wife, Susan Elkin, challenged a bid by the liquidator of Bernard L. Madoff’s firm to name her in an amended complaint against the family, saying his effort to recover money is “time-barred” as it was received beyond the six years allowed by New York law.
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The owners of the New York Mets are set to ask a judge today to end a $386 million lawsuit by the Bernard Madoff brokerage trustee without a trial, saying he hasn’t proved they ignored the fraud because it benefited their business.
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Mattel Inc. has won dismissal of an antitrust lawsuit by MGA Entertainment Inc., the toymaker that sought $1 billion in damages alleging Mattel violated antitrust laws in a dispute over Bratz dolls.
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UniCredit SpA won a ruling dismissing racketeering and other claims filed by the trustee liquidating Bernard Madoff’s shuttered firm, narrowing the trustee’s suit against the bank.
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MF Global Inc. customers who had money trapped when the U.S. broker collapsed can sell their claims for as much as 88 cents on the dollar, while clients of its British unit may not get as much.
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