CTUSA - A fed judge dismissed most counts of a $1 billion suit against the owners of the New York Mets baseball

http://money.cnn.com/2011/09/27/news/companies/madoff_mets/index.htm?iid=HP_LN 


A fed judge dismissed most counts of a $1 billion suit against the owners of the New York Mets baseball team Tuesday.
The lawsuit, filed by a court appointed trustee, is not only seeking $300 million in profits the Mets gained from their investments with Madoff, but also goes after the $700 million in principal that the owners deposited and then withdrew from Madoff's firm.
Judge Jed Rakoff dismissed 9 of 11 charges in the case, which is being heard in U.S. District Court in New York. Irving Picard, the trustee in the case, had alleged that the Mets' owners were willfully blind to the fraud, seeing statement after statement of excellent returns from Madoff and tapping their account when they wanted funds.