With an insider’s eye, Hot Dish tracks the tastiest bits of Minnesota’s political scene and keep you up-to-date on those elected to serve you.

Contributors in Minnesota: Patrick Condon, J. Patrick Coolican, Patricia Lopez, Ricardo Lopez, Abby Simons, Rachel E. Stassen-Berger and Glen Stubbe. Contributors in D.C.: Corey Mitchell, Allison Sherry and Jim Spencer.

Wilfs fined $84.5 million in New Jersey real estate fraud case

Posted by: Corey Mitchell Updated: September 23, 2013 - 5:02 PM

Morristown, N.J. – A New Jersey judge has ordered Minnesota Vikings owners Zygi and Mark Wilf and their cousin, Leonard Wilf, to pay $84.5 million in damages to former business partners they defrauded in a 1980s real estate deal.

The ruling covers compensatory damages, punitive damages, a redistribution of profits dating back to 1992 to plaintiffs Josef Halpern and Ada Reichmann. The damages awarded today do not include attorney fees the plaintiffs have accumulated since the suit was first filed in 1992.

In a decision issued last month, Superior Court Judge Deanne Wilson found that the Wilfs, and their cousin, Leonard Wilf, committed fraud, breach of contract and breach of fiduciary duty and also violated the state’s civil racketeering laws.

The Wilfs did not attend the hearing. The judgment is not final because the Wilfs can appeal the ruling, potentially delaying awarding of damages and a referral of the case to the state attorney general or county prosecutors for criminal investigation.

The court case has been closely watched by the NFL, Minnesota Gov. Mark Dayton and the Minnesota Sports Facilities Authority as negotiations continue on the new $975 million Vikings stadium being financed by the state, team owners and the city of Minneapolis.

The Wilfs hope to open the downtown Minneapolis stadium in time for the start of the 2016 football season. Groundbreaking is tenatively scheduled for early November.

The authority board is scheduled to vote on the stadium’s use and development agreements at its Sept. 27 meeting.

An independent audit conducted for the authority found that the Wilfs have enough money to cover their share, roughly $477 million, of the stadium financing regardless of the ruling. Their contribution includes a $200 million loan from the National Football League and revenue generated from stadium naming rights, sponsorships and licensing fees.

Wilson said the Wilfs' ability to pay was not a "major consideration" in her ruling.

"There is [no ruling that I can make] that would serve as a punishment in regards [to the Wilfs'] net worth," she said.

ADVERTISEMENT

New England 14 FINAL
Kansas City 41
Minnesota 10/2/14 7:25 PM
Green Bay
Buffalo 10/5/14 12:00 PM
Detroit
Chicago 10/5/14 12:00 PM
Carolina
Cleveland 10/5/14 12:00 PM
Tennessee
St. Louis 10/5/14 12:00 PM
Philadelphia
Atlanta 10/5/14 12:00 PM
NY Giants
Tampa Bay 10/5/14 12:00 PM
New Orleans
Houston 10/5/14 12:00 PM
Dallas
Baltimore 10/5/14 12:00 PM
Indianapolis
Pittsburgh 10/5/14 12:00 PM
Jacksonville
Arizona 10/5/14 3:05 PM
Denver
Kansas City 10/5/14 3:25 PM
San Francisco
NY Jets 10/5/14 3:25 PM
San Diego
Cincinnati 10/5/14 7:30 PM
New England
Philadelphia 3 FINAL
NY Rangers 6
Toronto 0 FINAL
Detroit 3
Pittsburgh 1 FINAL
Minnesota 4
Columbus 3 FINAL
Nashville 0
Florida 4 FINAL
Dallas 5
Winnipeg 1 FINAL
Edmonton 3
Arizona 4 FINAL
Vancouver 2
Fla Atlantic 10/2/14 6:00 PM
FIU
UCF 10/2/14 6:00 PM
Houston
Arizona 10/2/14 9:30 PM
(2) Oregon
Louisville 10/3/14 6:00 PM
Syracuse
San Diego St 10/3/14 9:00 PM
Fresno State
Utah State 10/3/14 9:15 PM
(18) BYU
(6) Texas A&M 10/4/14 11:00 AM
(12) Miss State
Ball State 10/4/14 11:00 AM
Army
Iowa State 10/4/14 11:00 AM
(21) Oklahoma State
Marshall 10/4/14 11:00 AM
Old Dominion
Southern Miss 10/4/14 11:00 AM
Middle Tennessee
(20) Ohio State 10/4/14 11:00 AM
Maryland
Purdue 10/4/14 11:00 AM
Illinois
Florida 10/4/14 11:00 AM
Tennessee
SMU 10/4/14 11:00 AM
(22) East Carolina
Virginia Tech 10/4/14 11:30 AM
North Carolina
Eastern Mich 10/4/14 1:00 PM
Akron
North Texas 10/4/14 1:30 PM
Indiana
Massachusetts 10/4/14 1:30 PM
Miami-Ohio
Tulsa 10/4/14 2:00 PM
Colorado State
New Mexico 10/4/14 2:30 PM
TX-San Antonio
(3) Alabama 10/4/14 2:30 PM
(11) Ole Miss
(14) Stanford 10/4/14 2:30 PM
(9) Notre Dame
(17) Wisconsin 10/4/14 2:30 PM
Northwestern
Navy 10/4/14 2:30 PM
Air Force
(7) Baylor 10/4/14 2:30 PM
Texas
(4) Oklahoma 10/4/14 2:30 PM
(25) TCU
Wake Forest 10/4/14 2:30 PM
(1) Florida State
NC State 10/4/14 2:30 PM
Clemson
Buffalo 10/4/14 2:30 PM
Bowling Green
Ohio U 10/4/14 2:30 PM
Central Mich
Oregon State 10/4/14 3:00 PM
Colorado
Vanderbilt 10/4/14 3:00 PM
(13) Georgia
Kansas 10/4/14 3:00 PM
West Virginia
Kent State 10/4/14 4:00 PM
Northern Ill
South Alabama 10/4/14 5:00 PM
Appalachian St
Texas-El Paso 10/4/14 6:00 PM
Louisiana Tech
(15) LSU 10/4/14 6:00 PM
(5) Auburn
UAB 10/4/14 6:00 PM
Western Ky
Texas Tech 10/4/14 6:00 PM
(23) Kansas State
Michigan 10/4/14 6:00 PM
Rutgers
Hawaii 10/4/14 6:00 PM
Rice
Toledo 10/4/14 6:00 PM
Western Mich
ULM 10/4/14 6:00 PM
Arkansas State
Georgia State 10/4/14 6:00 PM
Louisiana
Idaho 10/4/14 6:00 PM
Texas State
Memphis 10/4/14 6:00 PM
Cincinnati
Arizona State 10/4/14 6:30 PM
(16) USC
So Carolina 10/4/14 6:30 PM
Kentucky
Pittsburgh 10/4/14 6:30 PM
Virginia
Miami-Florida 10/4/14 6:30 PM
Georgia Tech
(19) Nebraska 10/4/14 7:00 PM
(10) Michigan State
UNLV 10/4/14 7:00 PM
San Jose St
Ga Southern 10/4/14 7:00 PM
New Mexico St
California 10/4/14 9:30 PM
Washington St
Utah 10/4/14 9:30 PM
(8) UCLA
Boise State 10/4/14 9:30 PM
Nevada
Winnipeg 10/3/14 6:00 PM
Ottawa
Calgary 10/3/14 9:00 PM
Saskatchewan
Edmonton 10/4/14 3:00 PM
Toronto
Brt Columbia 10/4/14 6:00 PM
Hamilton
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

Date/Opponent Time W L Score
2014 preseason     
Aug 8 - vs. Oakland 7 pmX10-6
Aug 16 - vs. Arizona 7:30 pmX30-28
Aug 23 - at Kansas City 7 pmX30-12
Aug 28 - at Tennessee 7 pmX19-3
2014 regular season     
Sep 7 - at St. Louis NoonX34-6
Sep 14 - vs. New England NoonX30-7
Sep 21 - at New Orleans NoonX20-9
Sep 28 - vs. Atlanta 3:25 pmX41-28
Oct 2 - at Green Bay 7:25 pm
Oct 12 - vs. Detroit Noon
Oct 19 - at. Buffalo Noon
Oct 26 - at Tampa Bay Noon
Nov 2 - vs. Washington Noon
Nov 9 - Bye
Nov 16 - at Chicago Noon
Nov. 23 - vs. Green Bay Noon
Nov. 30 - vs. Carolina Noon
Dec 7 - vs. NY Jets Noon
Dec 14 - at Detroit Noon
Dec 21 - at Miami Noon
Dec 28 - vs. Chicago Noon

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

question of the day

Poll: How will the Vikings do against Atlanta?

Weekly Question

ADVERTISEMENT