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Judge hinders Madoff trustee's claims against Mets owners

Federal judge dismisses bulk of trustee's claims against owners of baseball team

Tuesday’s ruling by U.S. District Judge Jed Rakoff tossed out nine of the 11 claims of a lawsuit filed by Bernard Madoff trustee Irving Picard against the owners of the New York Mets baseball team, Fred Wilpon and Saul Katz.

Picard claimed the Mets owners were “willfully blind” to the scheme and demanded the return of about $1 billion. Wilpon and Katz denied any misconduct or suspicions about the Ponzi scheme at the time.

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