Judge: Mets Could Owe Up to $386M in Madoff Case

By LARRY NEUMEISTER
|  Wednesday, Sep 28, 2011  |  Updated 1:06 PM EDT
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Bernard Madoff & His Victims

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Mets owner Fred Wilpon

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A judge says $386 million is the most the owners of the New York Mets could be forced to pay to resolve claims by a trustee collecting money for jailed financier Bernard Madoff's investors.     

Federal Judge Jed Rakoff noted the figure in an order issued Wednesday.     

A court-appointed trustee who sued the owners of the Mets had asked for $1 billion. Rakoff tossed out most of the claims in a decision issued Tuesday.     

The lawsuit had claimed that the owners of the Mets either knew or should have known that Madoff was operating a multi-decade fraud that cheated thousands of investors out of billions of dollars.     

The 73-year-old Madoff is serving a 150-year prison sentence.

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