A $162 million settlement between the owners of the New York Mets baseball team and the liquidator of Bernard Madoff’s firm won court approval. U.S. District Judge Jed S. Rakoff ruled today in New York on the accord. It was announced March 20, the day a trial was to start over whether the Mets owners acted in bad faith when they withdrew money from Madoff’s Ponzi scheme. More on Bloomberg Businessweek here.
