Now batting in the legal mess involving Bernard Madoff and the Mets: Former New York Governor Mario Cuomo.
A federal bankruptcy judge in Manhattan appointed Cuomo on Thursday to serve as a mediator in a legal dispute between the Mets owners and the court-appointed trustee trying to recover money for victims of Madoff’s Ponzi scheme.
The trustee, Irving H. Picard, has accused Mets owners Fred Wilpon and Saul Katz, chief operating officer Jeff Wilpon and affiliated Sterling Equities entities of making $300 million in fictitious profits from Madoff’s swindle and ignoring warnings that Madoff’s returns were implausible.
Moody’s Investors Service says it has lowered its outlook on the company that operates Citi Field, citing the potential for pending litigation against the owners of the Mets.
The ratings firm said Thursday it cut the outlook on Queens Ballpark Co. LLC to “Negative,” but maintained its “Ba1″ rating on the company’s bonds.
Moody’s says the move reflects the potential that pending litigation against the owner of the Mets, Sterling Mets LP, could hurt attendance at the ballpark.