McCourts Make Deal As Dodgers Bankruptcy Clash Looms

Law360, New York (October 17, 2011, 5:06 PM EDT) -- Embattled Los Angeles Dodgers owner Frank McCourt and his ex-wife Jamie McCourt announced a divorce settlement Monday in which she will reportedly surrender any claims to a stake in the team, which her former husband is fighting in bankruptcy court to keep.

The McCourts acknowledged the settlement in a brief joint statement but said the terms would remain private. However, citing people familiar with the agreement, the Los Angeles Times reported that Jamie McCourt would receive about $130 million and give up any bid for a...
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