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The $100 Million Paper Signature Blunder?

By: Daryl Bernstein / Monday, December 12, 2011


Ezekiel Vermillion, an attorney at Adler Vermillion & Skocilich in New York and a RightSignature user, might have spotted the most expensive signature blunder in history. He tweeted:
Legal malpractice claim in dodger's divorce hangs on closing set manipulation. http://on.wsj.com/uEgQtO  This is why i use @rightsignature 
What's the backstory here? Frank McCourt, owner of the Los Angeles Dodgers, alleges that discrepancies in a set of signed paper documents may have cost him over $100 million. During a prolonged divorce proceeding, questions arose about the integrity of the signed copies of a marital-property agreement Mr. McCourt executed with his now ex-wife, Jamie. The Wall Street Journal says:
Evidence surfaced that there were discrepancies among the original six signed copies, namely that attachments to three named Mr. McCourt as the sole owner of the Dodgers while attachments to the three others didn't. Evidence also revealed that the copies with attachments that didn't name Mr. McCourt as the sole owner had been replaced by attachments that did shortly after all six copies had been signed.
Whether or not your contracts have nine digits riding on them, RightSignature gives you the peace of mind that your documents are tamper-proof and legally defensible. RightSignature's proprietary biometric signatures and authentication data portfolio provide robust identity authentication. Each executed document is time-stamped, locked with a SHA-1 checksum, and stored in a secure archive.

As a trusted third party, RightSignature maintains best practices in e-signature legal compliance and eliminates the possibility of document tampering accusations, discrepancies in signed copies, and lost originals. We know that e-signatures can help you close deals faster, reduce paper costs, and make life easier on your customers. Now the Frank McCourt signature blunder shows that using RightSignature could save you millions.

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