McCourts to argue over spousal support in LA court
Lawyer Blogs
A judge on Wednesday will consider reducing the amount of spousal support paid by Dodgers owner Frank McCourt to his ex-wife Jamie their divorce battle over ownership of the team.
McCourt filed a motion in July indicating that he's paid more than $5 million to cover the mortgages of six homes and a condominium over the last year as well as $2.7 million in temporary spousal support to Jamie McCourt.
Last May, Superior Court Judge Scott Gordon, who oversaw the former couple's divorce trial, ordered McCourt to pay $225,000 a month in spousal support and more than $400,000 a month to maintain the homes.
McCourt said the payments should be more in line with the $5 million he receives annually and either Jamie McCourt should be ordered to pay the mortgages herself or the properties should be sold.
Jamie McCourt notes in a recent filing that her ex-husband has received more than $44 million into his bank accounts since June 2010.
The Dodgers filed for bankruptcy protection in Delaware last month, blaming a cash-flow crisis on Major League Baseball's refusal to approve a multibillion-dollar TV deal McCourt was counting on to keep the franchise afloat.
MLB assumed control of the club's day-to-day operations in mid-April.
Gordon ruled in December that a postnuptial marital agreement that gave McCourt sole ownership of the Dodgers was invalid, clearing the way for Jamie McCourt, who served as the team's CEO and was fired by her ex-husband two years ago, to seek half the team under California's community property law.
A group backed by Chinese government-owned investment banks has made a $1.2 billion offer to buy the Dodgers, but McCourt has repeatedly said he's not interested in selling the team.
Related listings
-
Former Ukraine PM's trial halted for 2 weeks
Lawyer Blogs 09/13/2011The judge presiding over former Ukrainian Prime Minister Yulia Tymoshenko's trial unexpectedly postponed hearings Monday for a two-week period, following renewed pressure from the United States and the European Union. Tymoshenko, 50, the former Sovie...
-
Pa high court to meet in historic chamber
Lawyer Blogs 09/12/2011Pennsylvania's highest court plans to convene in a historic chamber in Philadelphia for the first time in more than two centuries. Tuesday's oral arguments session in the Supreme Court Chamber in Old City Hall will be the first time the justices have...
-
Va. high court considers ex-King confidant's case
Lawyer Blogs 09/12/2011A lawyer has asked the Virginia Supreme Court to throw out the incest conviction of a former top adviser to Martin Luther King Jr. The Rev. James Bevel, the architect of the 1963 Children's Crusade in Birmingham, Ala., died in 2008 at age 72 while hi...
New York Commercial Litigation Law Firm - Woods Lonergan PLLC
Founded in 1993 by Managing Partner James F. Woods, Woods Lonergan PLLC has built a strong reputation as a resourceful and industrious firm that provides clients with clear, concise, and straightforward answers to their most challenging legal issues. Partner Lawrence R. Lonergan, who joined the firm in 2008, has been a friend and colleague to Mr. Woods for over 40 years and shares the same business philosophy. Woods Lonergan PLLC’s collective experience and expertise enables the firm to expeditiously and effectively analyze the increasing challenges clients face in an evolving business and legal world, in many instances, avoiding unnecessary time and expense to our clients. Our mission is simple: provide cutting-edge expertise and sound advice in select areas of the law for corporate and business clients. We thrive on providing each client with personalized attention, forceful representation, and a collaborative team effort that embraces collective knowledge.