Frank McCourt recently sold the Los Angeles Dodgers baseball team for a record $2 billion, the highest price ever paid for a professional sports franchise. In addition to heading to the bank, McCourt is reportedly heading back to a California courtroom. After learning of the record sale, McCourt’s former wife, Jamie, has asked a Los Angeles Superior Court judge to set aside the couple’s 2010 divorce property settlement. At the time, Jamie was awarded approximately $131 million following a reportedly bitter divorce battle. According to Jamie’s attorney, however, she only received only about seven percent of the former couple’s actual marital assets.
Jamie’s motion states the ex-couple’s divorce settlement agreement should be set aside due to fraud. Jamie claims Frank misrepresented the worth and assets of the Dodgers franchise by approximately $1.7 billion. The former wife’s motion alleges that as a result of the fraud Frank received about 10 times the assets she received following the couple’s split. Additionally, the court filing states even if fraud was not committed, the couple’s property settlement agreement should be set aside due to numerous and egregious errors.
Following the couple’s divorce, the Dodgers baseball franchise reportedly sought bankruptcy protection. Still, the team was eventually sold for much more than the $430 million price tag paid by the McCourt family in 2004. A hearing on Jamie’s motion is currently scheduled for November 16th.
After a final judgment of marriage dissolution is filed in California, your divorce property settlement agreement may still be subject to modification in a limited number of instances. Generally, a divorce modification is sought only after circumstances change in such a way that child or spousal support obligations or child custody are affected. A divorce modification may alter a specific provision, several aspects of the agreement, or the entire divorce settlement. If you feel the terms of your California divorce judgment were unfair, you should contact a skilled California family law attorney to discuss your options.
If you have questions regarding a family law matter, please do not hesitate to call Doppelt & Forney toll-free at (800) ROY IS IT (769-4748). Mr. Doppelt is a hardworking Encinitas family law attorney with more than 20 years of experience assisting clients who are facing divorce or other stressful family law matters throughout Southern California. Mr. Doppelt helps clients with divorce, child custody and support, alimony, adoption, and other family law matters. Doppelt & Forney serves clients in Encinitas, Linda Vista, San Diego, and Scripps Ranch. To schedule a free confidential consultation with a knowledgeable family law lawyer, contact Doppelt & Forney through our law firm’s website.
Divorce Lawyers Develop Niche Market in Representing Divorcing Men, But All California Divorce Lawyers Must Be Able to Apply California Statutes to Complex Facts in Divorce Cases, San Diego Divorce Lawyer Blog, August 7, 2012
What You Need to Know Before Initiating a Divorce in San Diego, San Diego Divorce Lawyer Blog, August 2, 2012
Jamie McCourt Divorce: Ex-Wife Claims Frank McCourt Vastly Understated Dodgers Value, by Andrew Dalton, Huffington Post
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