Henry D. Fetter, author of Taking on the Yankees: Winning and Losing in the Business of Baseball, published this piece on Atlantic.com asking, “Should the Mets’ Owners Worry About Jury Bias in Their Madoff Trial?
Key paragraph:
No “one percenter” relishes the idea of having their fate determined by the proverbial “jury of their peers” when that is precisely what they are not. Not surprisingly, [Fred] Wilpon and [Samuel] Katz argued that there was no right to a jury trial in a case that originated in bankruptcy court, but without success. As a result, there has been much comment about how the wealthy team owners will fare at the hands of a jury. It has been suggested that “if they get some Wall Street types on the jury, or partners of big law firms” they might catch a break—but good luck with that. Not too many Wall Streeters or law firm partners wind up in the jury box. And besides, they are more likely than a shipping clerk or postal worker or shoe salesman to actually know someone who was ripped off by Madoff, hardly a plus factor for a defense contesting the claim of the Madoff victims’ trustee that Wilpon and Katz turned a blind eye to Madoff’s wrongdoing in their zeal to enrich themselves.
Stay tuned.
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