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BUSINESS
August 19, 2011 | By Taryn Luna, Globe Correspondent
A Massachusetts judge today blocked a Boston law firm's attempt to be cleared of any possible liability for mistakes in a postnuptial marriage agreement between Frank McCourt and his estranged wife Jamie over ownership of the Los Angeles Dodgers. Superior Court Judge Janet Sanders dismissed law giant Bingham McCutchen's request for the court to find that its attorney who wrote the McCourts' marital agreement acted properly and the firm not face legal malpractice because of losses Frank McCourt suffered in his divorce proceedings.
Frank Mccourt Articles By Date
LIFESTYLE
May 7, 2012
Sometimes it pays to be fired. Just ask Dr. Charles Steinberg , the Red Sox adviser who's about to collect a cool $1.01 million in severance pay from the Los Angeles Dodgers. SportsBusiness Journal reported Monday that the US Bankruptcy Court in Delaware has sided with Steinberg in his dispute with the Dodgers over the amount of back pay he is owed following his 2009 dismissal from the MLB franchise. Steinberg, who presided over Sox promotions in their World Series seasons of '04 and '07, was hired as a consultant by Jamie McCourt , the then-wife of the then-owner of the...
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SPORTS
October 28, 2011
An attorney for San Francisco Giants fan Bryan Stow has responded to comments made by a lawyer for the Los Angeles Dodgers who suggested Stow might be partly to blame for a brutal attack he received in a Dodger Stadium parking lot on opening day. Thomas Girardi told the Los Angeles Times ( http://tinyurl.com/3vrtusb) on Friday it was wrong for attorney Jerome Jackson to say Stow may have to share some of the blame for the attack. Jackson told ESPNLosAngeles.com that the Dodgers and their owner Frank McCourt shouldn't be held fully liable by a possible jury.
SPORTS
May 2, 2012 | Arnie Stapleton, AP Sports Writer
Ted Lilly threw six solid innings and the Los Angeles Dodgers got home runs from Dee Gordon, Andre Ethier and A.J. Ellis in a 7-6 win over the Colorado Rockies on Tuesday night. Lilly gave up four hits and two runs while the Dodgers pounded out 11 hits off Rockies right-hander Jhoulys Chacin and then held on despite a shaky bullpen performance to cap a big day for the franchise that saw the tumultuous Frank McCourt era come to an end. The $2 billion sale of the team to Guggenheim Baseball Management, a group that includes former Los Angeles Lakers star Magic Johnson, was finalized...
SPORTS
June 30, 2011 | By Bob Ryan, Globe Columnist
In addition to all the other good news in the world of sport that has put such a gigantic spring in our collective step, I would like to add the following: Frank McCourt is LA’s problem, not ours. Please, have pity on your Los Angeles brethren. There is nothing so inherently good about us as sports folk that makes us deserving of our colossal good fortune, nor, despite the decades worth of jokes we’ve made whenever the Celtics square off against the Lakers, is there anything so inherently bad about the people of Southern California that makes them appropriate victims of the...
SPORTS
May 26, 2011
Settlement talks resumed Thursday in the divorce case of Jamie and Frank McCourt involving ownership of the Los Angeles Dodgers after a judge ruled a postnuptial marital agreement they signed was invalid. Both McCourts were in court with their attorneys to meet with Superior Court Judge Scott Gordon, who has presided over their divorce proceedings. Attorneys on both sides met with Gordon separately and declined comment as they left the courthouse. They were scheduled to return for talks June 8. There are two additional dates scheduled to reach a possible...
A&E
October 18, 2011 | By Mark Shanahan and Meredith Goldstein, Globe Staff
The legal spectacle that is Frank and Jamie McCourt 's divorce is apparently coming to a close. The Los Angeles Times reports that the couple has reached a settlement that would pay Jamie $130 million, but she must relinquish any ownership claim to the Los Angeles Dodgers. Believed to be one of the costliest divorces in California history - and that's saying something - the settlement could put Frank McCourt in a better position to retain ownership of the financially strapped baseball team.
A&E
September 4, 2010 | Greg Risling, Associated Press
LOS ANGELES — Dodgers owner Frank McCourt described himself yesterday as a devoted husband who tried to comply with his wife’s exorbitant wishes but stopped when she sought $250 million for her personal use. Testimony on the fifth day of the divorce trial turned away from whether a postnuptial agreement should be invalidated, and delved instead into the nearly 30-year marriage between McCourt and his estranged wife, former Dodgers chief executive...
LIFESTYLE
May 7, 2012
Sometimes it pays to be fired. Just ask Dr. Charles Steinberg , the Red Sox adviser who's about to collect a cool $1.01 million in severance pay from the Los Angeles Dodgers. SportsBusiness Journal reported Monday that the US Bankruptcy Court in Delaware has sided with Steinberg in his dispute with the Dodgers over the amount of back pay he is owed following his 2009 dismissal from the MLB franchise. Steinberg, who presided over Sox promotions in their World Series seasons of '04 and '07, was hired as a consultant by Jamie McCourt , the...
A&E
August 9, 2011 | By Mark Shanahan & Meredith Goldstein
Judge Janet Sanders yesterday heard - but made no ruling on - the motion by LA Dodgers owner Frank McCourt to dismiss a lawsuit filed against him by his own lawyer. Bingham McCutcheon is seeking a declaratory judgment that the Boston-based firm isn't liable for any losses McCourt might suffer as a result of his divorce from wife Jamie . (Bingham lawyer Larry Silverstein drafted a marital property agreement that was ruled invalid by an LA superior court judge.)
SPORTS
May 2, 2012 | Greg Beacham, AP Sports Writer
Although the Southern California sun stayed behind the clouds, everything else about the Los Angeles Dodgers' introductory news conference for their new ownership group Wednesday signaled the dawn of a bright new era for a beloved franchise. Magic Johnson, Mark Walter and Stan Kasten stood on a stage in center field at Dodger Stadium on what venerable broadcaster Vin Scully called "a soft day," pulling on white jerseys and blue Dodgers caps for the club's third ownership change since 1998.
SPORTS
May 1, 2012 | Greg Risling, Associated Press
The tumultuous Frank McCourt era is over for the Los Angeles Dodgers. The $2 billion sale of the team to Guggenheim Baseball Management, a group that includes former Los Angeles Lakers star Magic Johnson, was finalized Tuesday. McCourt met with Dodgers employees Tuesday, expressing his appreciation, and introduced new controlling owner Mark Walter, said Howard Sunkin, a spokesman for McCourt. Walter is chief executive officer of the financial services firm Guggenheim Partners.
SPORTS
April 6, 2012 | Bernie Wilson, AP Sports Writer
With Magic Johnson and Frank McCourt watching from next to the dugout, the Los Angeles Dodgers beat the San Diego Padres 5-3 Thursday even though reigning NL Cy Young Award winner Clayton Kershaw left after three innings with the flu. Former Lakers great Johnson, part of a group buying the Dodgers for $2.15 billion from McCourt, had a big smile after Matt Kemp hit a two-run homer in the eighth, giving him three RBIs. Johnson and McCourt sat next to each other and chatted throughout the game.
A&E
March 28, 2012
McCourt's Dodgers close to selling The Los Angeles Dodgers, who were considered such a basket case a year ago that Bud Selig, the commissioner of baseball, took control of them away from Frank McCourt, are on the verge of being sold. They may sell for $1.5 billion or more, an extraordinary turnaround for McCourt, whose fortune developing Boston parking lots helped him buy the Dodgers. Now, in the final phase of the sale, Major League Baseball owners are expected to vote Wednesday by telephone on three bidders.
SPORTS
March 28, 2012
Dodgers owner Frank McCourt announced an agreement Tuesday night to sell the bankrupt team for $2 billion to a group that includes former Lakers star Magic Johnson and former Braves and Nationals president Stan Kasten. Kasten is expected to wind up as the team's top day-to-day executive. The agreement, revealed about five hours after Major League Baseball owners approved three finalists for the auction, is to lead to a transfer of the team by the end of April. It is subject to approval in federal bankruptcy court.
SPORTS
February 22, 2012 | Randall Chase, AP Business Writer
A bankruptcy judge on Wednesday approved the disclosure statement outlining the Los Angeles Dodgers' proposed bankruptcy reorganization plan, keeping the team's plan for an April 30 sale on track. Approval of the disclosure statement in a Chapter 11 case typically allows the process for soliciting votes from creditors to begin. But in the Dodgers case, the only creditor allowed to vote on the plan is LA Partners LLC, the parent company of LA Holdco LLC. Holdco, in turn, is the sole member of the Los Angeles Dodgers Holding Co. According to court documents, LA Partners is a wholly owned...
SPORTS
October 11, 2011 | Randall Chase, AP Business Writer
Attorneys for Major League Baseball are no longer trying to disqualify attorneys representing the Los Angeles Dodgers in the team's bankruptcy case. In a stipulation filed this week in advance of a Wednesday hearing, league attorneys said they were withdrawing the motion at the suggestion of a court-appointed mediator. League attorneys had argued that the Dodgers attorneys should be disqualified because they were advancing the interests of Dodgers owner Frank McCourt at the expense of the team's interests.
SPORTS
December 12, 2011 | Randall Chase, AP Business Writer
A judge says Fox Sports may get to question Major League Baseball executive Rob Manfred as it tries to have the Los Angeles Dodgers bankruptcy dismissed. But the judge told Fox attorneys Monday they need to try to get documents and depositions from the Dodgers before turning to the league. He did order MLB to turn over the transcript of its deposition of Dodgers executive Jeffrey Ingram from this summer. Fox is seeking information to bolster its arguments at a hearing early next year that the bankruptcy should be dismissed because Dodgers owner...
SPORTS
January 25, 2012 | Ronald Blum, AP Sports Writer
About 12 groups submitted initial bids to buy the Los Angeles Dodgers from Frank McCourt, several people familiar with the process said Tuesday. Among the bidders were Dallas Mavericks owner Mark Cuban and former YES Network chief executive officer Leo Hindery, two people said, speaking on condition of anonymity because the bids were to remain confidential. One of the people also confirmed a Los Angeles Times report that Stan Kroenke was involved in the bidding. Kroenke already controls the NFL's St. Louis Rams, the NBA's Denver Nuggets, the NHL's Colorado Avalanche, Arsenal of the...
SPORTS
January 20, 2012 | Randall Chase, AP Business Writer
The Los Angeles Dodgers filed a proposed bankruptcy reorganization plan Friday, a little more than a week after resolving a court fight with Fox Sports that threatened plans to sell the ball club. The Dodgers said in court documents filed in U.S. Bankruptcy Court in Wilmington, Del., that the pending sale of the team should satisfy all creditor claims in full, either through cash payments or assumption of the claims by the new team owners. The Dodgers intend to complete a sale of the team by April 30, as called for in a settlement with Major League...
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