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Jamie McCourt gets $1.4 million, for now

February 4, 2010 | 11:19 am

Jamie McCourt can get at least $1.4 million to cover her expenses until next month's hearing on spousal support, according to an agreement filed last week in Los Angeles Superior Court.

Fabforum The $1.4 million comes from the liquidation of an investment account in the names of Frank and Jamie McCourt. The agreement also provides Jamie McCourt with access to additional funds -- in an unspecified amount -- from the couple's joint investments.

When Frank and Jamie McCourt filed for divorce in October, she asked for $320,967 per month if she were reinstated as the Dodgers' chief executive officer and $487,634 per month if she were not. The court denied her request for immediate reinstatement.

The court has scheduled a hearing on spousal support March 29-30. Jamie McCourt agreed not to make another bid for reinstatement at that time but reserved the right to do so in the future, according to the filing.

The spousal support ruling that follows the March hearing is likely to be temporary. The McCourts have agreed to settle the issue of who owns the Dodgers first -- a trial is set to start May 24 -- and resolve the other issues in their divorce at a later date. That means a permanent resolution of the spousal support issue could be months away.

Frank McCourt claims he is the sole owner of the Dodgers, citing a marital property agreement signed by each of the McCourts. Jamie McCourt claims she is a co-owner and has asked the court to rule that the agreement is invalid.

-- Bill Shaikin

Photo: Jamie McCourt. Credit: Los Angeles Times