LOS ANGELES, Calif. — A motions hearing that was set to start today has been rescheduled for Wednesday in post-divorce proceedings between Frank and Jamie McCourt in which the value of the Los Angeles Dodgers is at issue.
Jamie McCourt is suing her ex-husband for $770 million, claiming Frank McCourt lowballed the team’s worth in the couple’s settlement.
According to papers filed in Superior Court, Jamie McCourt states she settled with her ex-husband for $131 million because he testified that his assets, including the baseball franchise, were worth $300 million. He sold the team for $2.1 billion in March 2012, two months after the divorce proceedings
Jamie McCourt claims the settlement agreement should be set aside and she should be awarded a total of at least $900 million.
Six of the lawsuit’s seven causes of action are moot since they are expected to be heard by the judge who handled the divorce proceedings. The seventh cause of action is the Dodgers issue.
The hearing is expected to last three days.
The McCourts were married on Nov. 3, 1979, and have four children. Frank McCourt bought the Dodgers in 2004.
In the lawsuit, Jamie claims her former spouse gave her various estimates of the Dodgers’ value, from $2 billion in 2004 to less than $300 million in 2009.
Attorneys for Jamie McCourt wrote that she “played a significant role in the Dodger organization, but not in significant financial dealings. The financial aspects of the Dodger assets were Frank’s domain, and at all times relevant to this action, Frank had special and superior knowledge of information necessary to evaluate the Dodger assets.’
Before the divorce, according to her attorneys, Frank “fired’ her, “and from that point forward he completely excluded her from every aspect of management and from all information concerning the Dodger assets and their value.”