According to Adam Rubin, Mets ownership has withdrawn an objection to unseal the lawsuit brought against them by Irving Picard, the trustee representing the victims of the Bernie Madoff Ponzi scheme. The contents of the lawsuit could be made public as soon as tomorrow.
The Mets reportedly profited nearly $48 million from an investment with Madoff.
The Mets had sent a letter to Judge Burton Lifland of the U.S. Bankruptcy Court Southern District of Manhattan, asking that the contents of the lawsuit be sealed.
This comes after reports surfaced that the settlement negotiations between the two parties had stalled.
A court hearing is scheduled for February 9.
I have a feeling this is going to get a whole lot worse before it gets better.
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