Jump to Navigation

Mccourt's ex-wife claims unfair asset division in settlement

Maryland residents may be familiar with the recent divorce proceedings of the former team owner of the Los Angeles Dodgers, Frank McCourt, and his wife, Jamie McCourt, who was also a co-owner of the team. Jamie McCourt is now seeking to set aside her settlement of $131 million dollars based on the allegation that the asset division to which she agreed was based on fraudulent information she received regarding the value of the couple's assets, particularly the value of the Los Angeles Dodgers baseball team.

The former team owner's wife is now attempting to subpoena the key players involved in the sale of the Dodger's baseball team to the New York divorce court located in Manhattan. One of these key players, a company involved in the sale of the Dodgers, is trying to block these subpoenas from being issued by arguing that they are overly broad.

According to the request that she filed earlier in which she seeks to set aside the agreement, she claims that in an attempt to convince her to settle, she was lead to believe that the total value of she and her husband's combined assets were less than $300 million. Later, the Dodgers team alone was sold for $1.7 billion. She is claiming that she was fraudulently induced to settle the divorce proceedings.

Maryland residents involved in high asset divorces can learn from this case. It is essential in any high asset divorce for each party to obtain their own individual and independent financial valuations of all jointly held assets, property and liabilities in order to properly address the sticky issues of asset division in a divorce.

Source: Businessweek.com, "Blackstone Seeks to Block Subpoenas in McCourt Divorce," David McLaughlin, Nov. 7, 2012

No Comments

Leave a comment
Comment Information

Read Our Divorce Law Blog + Visit Blog +

The was an error in retrieving the feed http://www.averyuptonlaw.com/blog/atom.xml.
Subscribe to This Blog's Feed FindLaw Network

Contact Form

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Avery & Upton
51 Monroe Street, Suite 701
Rockville, MD 20850
Phone: 301-576-0950
Toll Free: 866-919-9723
Fax: 301-762-8539
Map and Directions