Fred Wilpon is getting sued over Madoff investments

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Before you get too excited for news of the Mets making a big, big trade deadline splash, you may want to read this:

New York Mets principal owner Fred Wilpon was sued on Friday over alleged losses suffered by retirement plan participants at his firm Sterling Equities. The complaint filed Friday in Manhattan federal court said Sterling invested $16.2 million, or 92 percent, of the 401(k) plan’s $17.6 million of assets with convicted Ponzi-schemer Bernie Madoff . . .

. . . The complaint seeks class-action status on behalf of plan participants, a number it estimates in the hundreds. There were 267 participants at the start of 2008, the complaint said.

The Wilpons have a lot of things on their plate that don’t involve the Mets.