Sometimes, even in federal court, it is not whether you win or lose—it’s how you play the game. So when reporters challenged David Sheehan, the lead counsel for the Madoff bankruptcy trustee, about why he agreed Monday to a $162 million settlement on terms seemingly favorable to the owners of the New York Mets, he said: “This is a settlement for all the investors. It’s not whether we win or lose; it is about enhancing the recovery for investors.” More in the Daily Beast here.
