Met's Owners May Have Caught a Break in Madoff Lawsuit; Judge Rakoff in Federal Court Agrees to Decide Motion to Dismiss!

The Wilpon's may have caught their first real break in the lawsuit brought by the Trustee of the "Madoff Bankruptcy " which seeks to recoup hundreds of millions of dollars.
The thrust ( in large part ) of the lawsuit filed in Bankruptcy Court is the " turning the blind eye theory " . Basically the suit seeks to hold the Wiplon's to a higher standard than "Joe Blow Investor " .
The Wilpon's recently filed a motion to dismiss the lawsuit and had sought to have U.S. District Court Judge Jed Rakoff hear and decide the motion, rather than Bankruptcy Judge Burton Lifland. The Wilpon's are also seeking to have Securities Law apply rather than Bankruptcy Law.
Just this week , a somewhat sympathetic Judge Rakoff decided he will keep and decide the motion and he may very well apply Securities Law ( About which he is a renowned expert) in his analysis. All good for the Mets' ownership group.
At this point I would make one suggestion to all involved: Call your mediator Mario Cuomo right away and get the case resolved! Good luck.