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Mets Owners’ Settlement With Madoff Trustee Is Approved

The settlement proposed in mid-March to end the litigation against the Mets’ owners, Fred Wilpon and Saul Katz, received the approval Thursday of the judge overseeing the case. There were no objections. “This appears to be a reasonable, adequate and fair settlement,” Judge Jed S. Rakoff of United States District Court in Manhattan said. He said that the only downside to approving the settlement, which was reached the Friday before a jury trial was to start, was not having the Hall of Fame pitcher Sandy Koufax testify for Wilpon and Katz. Read New York Times report here.

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