Some Madoff claims thrown out

A US judge yesterday narrowed a $1bn lawsuit against owners of the New York Mets baseball team by the trustee seeking money for victims of Bernard Madoff's epic fraud. Manhattan District Judge Jed Rakoff dismissed nine of 11 counts raised in trustee Irving Picard’s 373-page complaint against the Mets owners. But he said the trustee cold still pursue $300m (£191m) of “fictitious profits” without having to prove the owners “willfully blinded themselves” to Madoff’s fraud. The further $700m claim would need such proof, he said.