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Former Dodgers owner's ex-wife seeking new divorce settlement

Large amounts of money are often on the line in a high-asset divorce, and anyone dealing with such circumstances should be fully aware of the legal options. Small details can make millions of dollars of difference in situations in which shared assets and estates are substantial.

One high-asset divorce case that is currently playing out in Manhattan involves Fred and Jamie McCourt. Fred is the former owner of the Los Angeles Dodgers, and Jamie is arguing that the $131 million she received in the divorce settlement was fraudulently calculated.

The newest development in the case is that Jamie's lawyers issued subpoenas on Nov. 5 to uncover information regarding asset valuation. However, an organization called Blackstone Group, which played an advisory role on the recent $2 billion sale of the Los Angeles Dodgers, is seeking to block the subpoenas.

Blackstone's senior managing director claims that the information requested in the subpoenas is too broad and "completely irrelevant" to the valuation of assets related to Jamie McCourt's claim.

In September, she argued in a California court that the settlement she agreed to should be set aside because the baseball team had been valued at less than $300 million. Her contention rested on the fact that the team sold for so much more, leaving Frank McCourt with $1.7 billion.

After a divorce settlement is agreed upon, a court is not likely to dismiss or alter it unless the plaintiff can prove there was wrong-doing. New Yorkers who are concerned with their own property division may want to keep an eye on the McCourt case as it unfolds.

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

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