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Owners of the New York Mets baseball team have agreed to pay $162 million to settle a lawsuit by the trustee seeking money for victims of Bernard Madoff's fraud.
Hedge fund manager David Einhorn, who is in talks to buy a large minority stake in the New York Mets, could become a principal owner of the baseball team in three years, the New York Times and ESPNNewYork.com reported on Saturday.
The owners of the New York Mets were accused of reaping $300 million of fictitious profits from Bernard Madoff's record Ponzi scheme, a lawsuit by the trustee seeking money for Madoff's victims said.