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Judge In Mets Case Will Decide On Dismissal By End Of September
Published August 22, 2011
DOWN THE LINE: In N.Y., Sandomir & Belson reported Rakoff last Friday "raised the prospect that all or part" of Picard's suit "could wind up decided in a public trial before a jury." But the judge "could still grant the team's owners their greatest wish, a dismissal of the case." Rakoff ordered that both sides "must begin to provide each other with additional material concerning the team owners' decades of investing with Madoff." Sandomir & Belson noted in holding out the possibility of a trial, the judge may be "trying to encourage a settlement between" Picard and the Mets owners. The possibility that the Mets owners "could have more of their financial dealings made public, and could have to testify in open court about their long relationship with Madoff, might well be an unappealing outcome" (N.Y. TIMES, 8/20). On Long Island, Anthony DeStefano noted Picard and the Mets owners "have been in mediation" led by former N.Y. Gov. Mario Cuomo, "who attended the hearing Friday and said the hearing might help both sides decide whether to settle or go to trial." Cuomo said outside the courtroom, "This was a very helpful exercise." But a legal source said that the two sides "are far from a settlement" (NEWSDAY, 8/20).