In an 18 page decision Federal Court Judge Jed S. Rakoff dismissed almost all of Trustee Irving Picard's claims against the New York Mets owners leaving standing only the fraud and equitable subordination claims. Quite a blow to the Trustee and his legal team. The Court also ruled that the Trustee can only recover principal from the defendants if he can show defendants " willfully blinded themselves to the fraud". Easier said than done !
All in all , the biggest win the Mets have had all year !
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