MetsMerizedOnline is reporting a story from the Daily News that the Mets did in fact file a motion to drop the lawsuit by Irving Picard Thursday night.
Here are some of the quotes from the story in the Daily News
“The Trustee has had two very large bites at the discovery apple,” the attorneys for the Mets wrote. “He has an unlimited budget and has spent tens of millions of dollars trying to find support for his baseless allegations.
“He has no evidence that any defendant was suspicious of Madoff. Instead, discovery has confirmed the truth — defendants trusted Madoff until the end.”
It sounds like that Irving Picard is learning that the Fred Wilpon and Saul Katz had no knowledge of the scheme being run by Bernie Madoff. He didn’t have any evidence to begin with, and never uncovered any during his investigation. What he found out was the the Mets along with everybody else trusted Bernie Madoff and were all taken advantage of in the end.