dailynews

BY Larry Mcshane
DAILY NEWS STAFF WRITER

Sunday, March 8th 2009, 1:58 AM

The corrupt “Mafia Cops,” jailed for life last week, left behind a costly legacy: lawsuits seeking $1.4 billion from the city on behalf of seven mob-executed victims.

The barrage of cases – filed in Brooklyn Federal Court – accuse the city and the NYPD of turning a blind eye as rogue detectives Louis Eppolito and Stephen Caracappa worked for the Luchese crime family.

Court documents show there was a meeting between lawyers for the city and the seven plaintiffs last month, with additional sessions scheduled later in March.

The biggest suit, seeking $500 million, was filed by the family of jeweler Israel Greenwald. He was kidnapped and executed on Feb. 10, 1986, with the two cops collecting a $30,000 fee.

The saddest case may involve Nicholas Guido, gunned down in a case of mistaken identity on Christmas Day 1986. His mother, Pauline Pipitone, filed a $150 million suit.

The cops’ convictions and sentencing are a boon to the plaintiffs, one legal expert said.

“Now there’s proof beyond a reasonable doubt that the cops did what they’re accused of doing,” lawyer Ron Kuby said yesterday.

“The plaintiffs now have to show the city engaged in a reckless failure to supervise the mob cops.”

The Pipitone suit alleges the crooked cops “acted with the express and tacit consent, knowledge and authorization” of the NYPD and the city.

lmcshane@nydailynews.com.