APNewsBreak: Ex-Dodger owners back in family court
LOS ANGELES (AP) — The ex-wife of former Los Angeles Dodgers owner Frank McCourt has filed a motion to set aside the couple's divorce settlement, claiming he committed fraud by vastly understating the team's value.
Jamie McCourt's attorney, Bertram Fields, told The Associated Press on Tuesday that she "thought very long and very hard about whether to file this motion" but after other means failed she was forced to return to court over the value of the team that sold for $2 billion in May.
"Mr. McCourt got about 93 percent of the family assets, and Mrs. McCourt got about 7 percent," Fields said in a phone interview. "We would've much preferred to have this massive imbalance resolved with some modification, but we got no response to that approach. We didn't want to have more family litigation, but now it's up to the court."
The motion filed Monday in Los Angeles Superior Court claims Frank McCourt misrepresented the couple's Dodgers assets as worth less than $300 million during their protracted divorce.
The pair's marriage was dissolved in October 2010, and Jamie McCourt received $131 million. The new court papers claim that after the sale and subtraction of relevant debts, Frank McCourt's assets turned out to be worth $1.7 billion, well over 10 times the amount Jamie McCourt received.
The motion says that even if Frank McCourt's figures were the result of mistakes rather than fraud, the settlement should be tossed out on the basis of the errors.
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