First angry response to 'clawback' suit
(NEWSER) - Though they made millions in profits from Bernard Madoff's phony investment scheme, owners of the Mets knew nothing about the fraud and aren't about to turn over a dime of their money to fleeced investors, they argue in court documents. Lawyers for Fred Wilpon and Saul Katz have filed a motion to dismiss a "clawback" suit against them that aims to recover funds for scammed Madoff investors. If successful, the clawback suit could force them to repay some 20 years of investments, including $300 million in "fake" profits and $700 million in principal, reports the New York Daily News. More»