“The owners of the New York Mets, who face a $1 billion lawsuit related to withdrawals they made from Bernard Madoff’s investment firm, are expected to face additional allegations if they fail to reach a settlement. Irving Picard, the trustee seeking to recover money for Madoff investors, filed a lawsuit against the Mets’ owners, Fred Wilpon and Saul Katz, and their associates in December, alleging they knew or should have known about the fraud at the firm over their decades-long relationship with Mr. Madoff. Mr. Picard is seeking nearly $300 million in false profits he says the team owners and their associates withdrew before Mr. Madoff’s scheme collapsed, plus $700 million in principal”, according to WSJ.com.