MLB Says Dodgers' Ch. 11 Plan Shirks League Rules, Settlement

Law360, Wilmington (March 26, 2012, 4:11 PM EDT) -- Major League Baseball demanded on Friday that the Los Angeles Dodgers LLC alter the team's reorganization plan to comport with league rules and a prior settlement between the league and owner Frank McCourt.

The Dodgers' plan — which aims to pay off all creditors in full with proceeds from the upcoming sale of the team — contains overly broad releases for third parties and improperly caps interest accruing on the league's claims, MLB said in an objection filed in Delaware bankruptcy court.

In November, McCourt cut...
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