This Installment will address the potential legal disabilities that exist under the New York Debtor and Creditor Law for the Wilpon/Katz families, the owners of the New York Mets (collectively, the “Wilpon Interests”), in their effort to sell a minority interest(s) in the Mets, in light of the existence of the lawsuit against them (the “Wilpon Case”) by Irving Picard, the Trustee in the Bernard L. Madoff bankruptcy.
USA, New York, Insolvency & Restructuring, Litigation, Media & Entertainment, Fox Rothschild LLP, Bankruptcy, Debtor, Consideration, Good faith, Conveyancing, Australian dollar, The New York Times, Trustee
This is the fifty-second in a series of installments on this blog that are discussing issues arising in the aftermath of the global Ponzi scheme perpetrated by Bernard L. Madoff (“Madoff”).
USA, Insolvency & Restructuring, Non-profit Organizations, White Collar Crime, Fox Rothschild LLP, Bankruptcy, Charitable organisation, Fair market value, 501(c) organisation, Bénéfice, Form 990, Internal Revenue Service (USA), US Senate
Several Installments in this blog series about the long-running, global Ponzi scheme of Bernard L.
USA, Capital Markets, Insolvency & Restructuring, Litigation, White Collar Crime, Fox Rothschild LLP, Bankruptcy, Charitable organisation, Internal Revenue Service (USA), Trustee, Chief financial officer, United States bankruptcy court