2014 DRAFT GUIDE
Vikings owners face $84.5M fine in NJ case

By PATRICK CONDON - Associated Press
    2013-09-23 19:06

ST. PAUL, Minn. (AP) - A judge in New Jersey on Monday ordered Minnesota Vikings owners Zygi and Mark Wilf and their cousin Leonard Wilf to pay $84.5 million to two former business partners who she previously ruled they had defrauded in a 1980s real estate deal.

The ruling from Superior Court Judge Deanne Wilson covered compensatory and punitive damages to plaintiffs Josef Halpern and Ada Reichmann. It also includes a redistribution of real estate profits dating to the lawsuit's initial filing, in 1992. Attorneys for the Wilfs promised an appeal.

Wilson ruled last month that the Wilfs had committed fraud, breach of contract and breach of fiduciary duty, and violated the state's civil racketeering laws. In a stinging rebuke, Wilson said then that Zygi Wilf demonstrated ``bad faith and evil motive'' in his trial testimony.

``We believe this decision will not stand on appeal,'' said Peter Harvey, an attorney for the Wilfs. He, along with Vikings spokesman Lester Bagley, once again vowed the legal troubles would have no bearing on the Wilfs' ability to meet the Vikings' $477 million commitment on the $1 billion football stadium planned for downtown Minneapolis.

Zygi Wilf leads an ownership group, which includes Mark Wilf, that bought the Vikings in 2005 for $600 million.

Democratic Gov. Mark Dayton pushed hard for taxpayer funding of the stadium and often stood with the Wilfs at news conferences. But after Wilson's first ruling, Dayton said the lawsuit highlighted business practices by the Wilfs that ``are far from the legal standards for doing business in Minnesota.''

The Minnesota Sports Facilities Authority, which is supervising the stadium project, quickly launched a review of the Wilfs' finances and legal troubles, to ensure they could still meet the Vikings' $477 million commitment to the nearly $1 billion stadium. Taxpayers are covering the rest.

That review wrapped up earlier this month and found the Wilfs should have no problem meeting their commitment even in the face of the heaviest possible fines. The attorney who conducted the review described the Wilfs' wealth as ``significant.''

The team is also eligible for an NFL loan of up to $200 million, and the stadium legislation lets them receive money from stadium naming rights and from seat licenses for season-ticket holders.

Halpern, of Brooklyn, N.Y., and his sister Reichmann, of Toronto, had said the Wilfs cheated them out of their share of profits from a 764-unit apartment complex in Montville, N.J. Halpern had been the complex's longtime manager.

An attorney for Halpern did not immediately return an email from The Associated Press seeking comment on the ruling.

The stadium authority's review of the Wilfs' legal troubles raised one red flag: that under New Jersey law, the civil verdict could trigger criminal investigations by state or county prosecutors in the state. But Harvey said such criminal probes of civil verdicts are extremely rare.

``While it may be an area of curiosity, as a matter of fact it just doesn't happen,'' Harvey said. He predicted that the long-running case would probably not be resolved by the planned 2016 opening of the new stadium.

``The stadium will be built and there will be an opening kickoff long before this is decided by the appellate court and likely, the New Jersey Supreme Court,'' Harvey said. ``It has no impact on stadium construction.''

Fantasy Football Player Notes RSS FeedPLAYER NOTES

Matt JonesMay 20 02:15p

Washington Redskins RB Matt Jones said that he loves the offense and has a chip on his shoulder after not being used properly while in college. 'My college career [ More ]

Derek CarrMay 20 08:53a

Updating a previous report, Oakland Raiders QB Derek Carr (finger) is experiencing numbness in his right ring finger. He hopes to avoid surgery through rest and rehab, and no [ More ]

Derek CarrMay 19 06:13p

Oakland Raiders QB Derek Carr (finger) has a right ring finger injury that could be surgically repaired. A return for training camp is still achievable, however, according to a source.

L. WashingtonMay 19 05:23p

Pittsburgh Steelers WR L'Damian Washington (undisclosed) was waived/injured Tuesday, May 19.

Shayne GrahamMay 19 03:03p

New Orleans Saints PK Shayne Graham was released Tuesday, May 19. Subsequently, free-agent WR Lance Lewis (49ers) was signed.

Joseph BarksdaleMay 19 02:23p

Free-agent OT Joseph Barksdale (Rams) will sign a one-year deal worth $350,000 with the San Diego Chargers, according to a source. The deal also comes with more than $1 million in incentives available.

Tom BradyMay 19 01:43p

New England Patriots QB Tom Brady will continue to appeal his four-game suspension, despite owner Robert Kraft saying the team will not appeal the discipline levied against them.

Jed CollinsMay 18 03:32p

Dallas Cowboys FB Jed Collins was released Monday, May 18, and FB Tyler Clutts was re-signed to an undisclosed contract.

Tyler CluttsMay 18 03:32p

Dallas Cowboys FB Jed Collins was released Monday, May 18, and FB Tyler Clutts was re-signed to an undisclosed contract.

Lache SeastrunkMay 18 02:42p

Tennessee Titans RB Lache Seastrunk was released Monday, May 18.

Jimmy GaroppoloMay 17 08:42p

New England Patriots QB Jimmy Garoppolo's quick decision making and accuracy fit well with New England's playbook that includes quick-rhythm passes as part of the foundation, and Bucky Brooks [ More ]

Zach HockerMay 17 04:42p

The New Orleans Saints have signed free-agent PK Zach Hocker (Dolphins).

Joseph RandleMay 16 07:32p

Dallas Cowboys RB Joseph Randle has the skills to lead the team's backfield in 2015 but he'll need to work on his off-field issues, according to Jon Machota of [ More ]

Matt CasselMay 15 07:52p

Buffalo Bills QB Matt Cassel is likely to enter Week 1 of the season as the team's backup quarterback, in the opinion of The Buffalo News' Vic Carucci. He [ More ]

Santana MossMay 15 07:12p

Free-agent WR Santana Moss (Redskins) is not ready to hang up his cleats and retire this offseason. 'I'm a free agent right now, you know how they do [ More ]

Robert TurbinMay 14 05:32p

Seattle Seahawks RB Robert Turbin (hip) underwent hip surgery this offseason, according to sources. No timetable was disclosed for his recovery.

Tom BradyMay 14 03:52p

New England Patriots QB Tom Brady has officially appealed his four-game suspension.

Greg SalasMay 13 02:23p

Free-agent WR Greg Salas (Jets) signed a one-year deal with the Detroit Lions Wednesday, May 13. Financial terms were not disclosed.

John ConnerMay 13 12:03p

Free-agent FB John Conner (Jets) signed with the Buffalo Bills Wednesday, May 13. FB Corey Knox was waived to make room for him.

Tom BradyMay 13 10:03a

New England Patriots QB Tom Brady's four-game suspension could be reduced significantly, and possibly overturned, a source told ESPN's Adam Schefter. Brady has put together a renowned legal team to appeal his suspension.

D.J. SwearingerMay 12 05:22p

Free-agent SS D.J. Swearinger was officially claimed by the Tampa Bay Buccaneers Tuesday, May 12.

Fred JacksonMay 12 03:13p

Buffalo Bills RB Fred Jackson may not make the final roster if the Bills end up keeping only three running backs, according to Mike Rodak of ESPN.com. RB LeSean [ More ]

Lance MooreMay 12 01:23p

Free-agent WR Lance Moore (Steelers) signed a one-year deal with the Detroit Lions.

Justin BlackmonMay 12 11:02a

Jacksonville Jaguars WR Justin Blackmon was denied reinstatement by the NFL this offseason, according to The Associated Press' Mark Long. It's unclear whether Blackmon failed a drug test or [ More ]

Joseph RandleMay 12 10:42a

Dallas Cowboys RB Joseph Randle could see the bulk of the carries as the season weighs on, in the opinion of beat writer Todd Archer. Archer pegged Randle for [ More ]

Jimmy GaroppoloMay 11 09:42p

New England Patriots QB Jimmy Garoppolo is expected to start while QB Tom Brady serves his suspension for 'DeflateGate'. Brady was suspended four games by the National Football League [ More ]

Tom BradyMay 11 07:12p

New England Patriots QB Tom Brady will appeal his four-game suspension, according to his agent.

Tom BradyMay 11 05:52p

New England Patriots QB Tom Brady has been suspended four games for his involvement in the deflated-football incident in the AFC Championship. In addition, the Patriots will lose their [ More ]

D.J. SwearingerMay 11 04:12p

Houston Texans SS D.J. Swearinger was officially released Monday, May 11.

Carey SpearMay 11 01:22p

Cleveland Browns PKs Travis Coons and Carey Spear will compete for the kicker job this offseason, and the competition is wide open at this point, according to special teams coordinator Chris Tabor.

Garrett HartleyMay 11 01:12p

Cleveland Browns PK Garrett Hartley was released Monday, May 11.

Kyle ArringtonMay 11 10:32a

New England Patriots CB Kyle Arrington was released Monday, May 11, according to a source. The team left the door open for him to return.

RSS Feeds

NFL News:
 
Player Notes:
 
Forum Posts:
 

© 2015 RealTime Fantasy Sports, Inc.
Email Us  ·  Call Us 636.447.1170  ·  Lost Password
Advertising represented by USA Today Sports Media Group