- - Tuesday, December 7, 2010

CALIFORNIA

Dodgers‘ owner marital deal ruled invalid

LOS ANGELES | A judge has ruled that a postnuptial marital agreement giving sole ownership of the Los Angeles Dodgers to Frank McCourt is not valid — a decision that isn’t expected to affect team operations, but means the Dodgers could be shared under California community-property law.

Jamie McCourt’s attorney, David Boies, said his client was pleased with the decision, but she wants a reasonable resolution of divorce negotiations that involved the postnuptial agreement.

Attorneys for Frank McCourt will likely ask Superior Court Judge Scott Gordon for a hearing to argue he is the sole owner of the Dodgers because he has title to the team, stadium and surrounding land — worth hundreds of millions of dollars.

The tentative ruling by Judge Gordon came after an 11-day trial that focused on whether the signed pact between the McCourts in 2004 should decide who owns the team.

INDIANA

Church financier sentenced for fraud

SULLIVAN | A former southern Indiana pastor will likely spend the rest of his life in prison for pocketing millions of dollars that investors thought would be spent on building or expanding churches.

A judge sentenced Vaughn Reeves, 66, to 54 years in prison during a court hearing Tuesday. A jury convicted him in October on nine counts of securities fraud.

Authorities say Reeves and his three sons duped about 11,000 investors into buying bonds worth $120 million secured by mortgages on construction projects at about 150 churches.

Prosecutors say the men diverted money from new investments to pay off previous investors, pocketing $6 million and buying two airplanes, sports cars and vacations.

Reeves‘ sons are scheduled to go on trial early next year.

MARYLAND

State workers offered $15,000 buyouts

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