Settlement reached in McCourt divorce

By GREG RISLING | June 17, 2011 | 12:14 PM EDT

LOS ANGELES (AP) — A settlement has been reached in the divorce case of Jamie and Frank McCourt involving ownership of the Los Angeles Dodgers.

The settlement announced Friday in court involves having a one-day trial to determine if the title for the Dodgers goes to Frank McCourt or whether the team should be deemed community property.

The McCourts' lawyers had spent several sessions in front of Superior Court Judge Scott Gordon to reach an agreement.

In December, Gordon deemed invalid a postnuptial marital agreement which gave Frank McCourt sole ownership of the Dodgers. That cleared the way for Jamie McCourt to seek half the team under California's community property law.