Blackstone Group, which advised on the $2 billion sale of the Los Angeles Dodgers, won an order blocking subpoenas for information related to a divorce settlement dispute between former team owner Frank McCourt and his ex-wife Jamie McCourt, Bloomberg News reported yesterday. 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. Justice Jeffrey K. Oing issued the order today at a hearing in Manhattan. The subpoenas over the team’s valuation are premature, Oing said. 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.
