A federal judge’s ruling in a $1 billion lawsuit against the New York Mets owners has drawn 34 suits to the judge’s door that claim to be similar to the case brought by the liquidator of Bernard L. Madoff’s firm against Fred Wilpon and Saul Katz. U.S. District Judge Jed Rakoff in Manhattan threw out most of trustee Irving Picard’s claims against the team owners and refused to let Picard appeal his ruling before a March jury trial on $386 million in remaining claims. Rakoff has accepted as related some of the 34 cases against other defendants, while others await decisions, according to court records. Two new suits were added to the list yesterday. More in Bloomberg Businessweek here.
