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Blackstone Group LP
Blackstone Group (BX), which advised on the $2 billion sale of the Los Angeles Dodgers, is seeking to block subpoenas from Jamie McCourt, former team owner Frank McCourt’s ex-wife, in her bid to set aside a divorce settlement.
Jamie McCourt, who claims her $131 million settlement is unfair, issued subpoenas that seek information related to valuation of assets, according to papers filed Nov. 5 in New York State Supreme Court in Manhattan.
The subpoenas issued to Blackstone and senior managing director Peter Cohen, who worked on the Dodgers sale, are “vastly overbroad and seek materials that are completely irrelevant” to asset valuations, Blackstone said.
Jamie McCourt, in a request filed in September in California state court in Los Angeles, said the divorce settlement was based on fraud and should be set aside. To induce her to accept the $131 million, Frank McCourt claimed the value of their assets was less than $300 million, according to her request. The sale of the Major League Baseball team left Frank McCourt with $1.7 billion, she said.
Bertram Fields, an attorney for Jamie McCourt, couldn’t immediately be reached for comment about the Blackstone filing.
The case is In the matter of the application of Blackstone Advisory Partners, 653823-2012, New York State Supreme Court (Manhattan).
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