The sale of the Los Angeles Dodgers, coupled with a $130 million divorce settlement, could help winnow any damages in a malpractice claim by team owner Frank McCourt against Bingham McCutchen, the law firm that drafted an invalid marital agreement at the heart of his divorce.
McCourt and Major League Baseball have been fighting for most of the year over the future of the Dodgers, which filed for bankruptcy protection in June. On Wednesday, the Dodgers and Major League Baseball agreed to sell the team at auction. In a joint statement, they said: “The Los Angeles Dodgers and Major League Baseball announced that they have agreed today to a court supervised process to sell the team and its attendant media rights in a manner designed to realize maximum value for the Dodgers and their owner, Frank McCourt. The Blackstone Group LP will manage the sale process.”
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
