May 24, 2013

Mets get $40 million loan from bank: report

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(Reuters) – The owners of Major League Baseball’s New York Mets received a $40 million (25.65 million pound) loan from a major bank that a source identified as the Bank of America, the New York Times reported on Monday. The team described the transaction as a “bridge loan” aimed at helping the club as it [...]

Judge allows only part of suit against Mets owners

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NEW YORK (AP) — A judge said Tuesday that a trustee recovering money for investors who lost in jailed financier Bernard Madoff’s Ponzi scheme “might well prevail” in efforts to recover some of nearly $300 million in fictitious profits he claims the owners of the New York Mets received from Madoff. But U.S. District Judge [...]

Luther Campbell sues ex-Miami booster Shapiro over comments

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MIAMI (AP) — Former 2 Live Crew frontman Luther Campbell says a former University of Miami booster “slandered and defamed” him in a Yahoo Sports article. In a lawsuit filed Tuesday in Miami-Dade Circuit Court, Campbell seeks more than $15,000 in damages from Nevin Shapiro, an imprisoned Ponzi scheme architect. Shapiro has claimed he provided [...]