APNewsBreak: Ex-Dodger owners back in family court

 
No Author Published: September 26, 2012    Comment on this article Leave a comment

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.

photo -   FILE - In this Sept. 25, 2008 photo, Los Angeles Dodgers owner and chairman Frank McCourt and his wife Jamie McCourt after the Dodgers' baseball game against the San Diego Padres in Los Angeles. The ex-wife of former Los Angeles Dodgers owner Frank McCourt wants to set aside the couple's divorce settlement, claiming he vastly understated the value of a team that sold earlier this year for $2 billion, the highest figure ever paid for a pro sports franchise. The motion filed Monday Sept. 24, 2012 in Los Angeles Superior Court claims Frank McCourt committed fraud by misrepresenting the couple's Dodgers assets as worth less than $300 million during their protracted divorce. (AP Photo/Carlos Delgado, File)
FILE - In this Sept. 25, 2008 photo, Los Angeles Dodgers owner and chairman Frank McCourt and his wife Jamie McCourt after the Dodgers' baseball game against the San Diego Padres in Los Angeles. The ex-wife of former Los Angeles Dodgers owner Frank McCourt wants to set aside the couple's divorce settlement, claiming he vastly understated the value of a team that sold earlier this year for $2 billion, the highest figure ever paid for a pro sports franchise. The motion filed Monday Sept. 24, 2012 in Los Angeles Superior Court claims Frank McCourt committed fraud by misrepresenting the couple's Dodgers assets as worth less than $300 million during their protracted divorce. (AP Photo/Carlos Delgado, File)

Multimedia

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.

Page 1 of 2




If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.


Mortgage Rates Hit 2.50%
If you owe under $729k you may qualify for 2.90% APR Govt Refi Plans.
www.SeeRefinanceRates.com
New Rule in WASHINGTON:
(APR 2013): If You Pay For Car Insurance You Must Read This Immediately
www.ConsumerFinanceDaily.com

Sports Photo Galleriesview all