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All Sides Show Their Cards on Detroit Institute of Arts Collection as Bankruptcy Trial Begins

Posted by Nicholas O'Donnell on September 4, 2014 at 7:44 AM

Opening statements concluded in the Detroit Bankruptcy trial yesterday, and as expected, the role of the art at the Detroit Institute of Arts played a central role. Although opening statements constitute nothing of evidentiary value, they obviously show the road map that the various sides intend to follow. Thanks to courtroom reporting, we have a number of clues about the themes that the lawyers intend to develop.

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Topics: Deaccession, Syncora Capital, Kate Wells, Detroit Institute of Arts, DIA, Detroit Bankruptcy, grand bargain

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The Art Law Report provides timely updates and commentary on legal issues in the museum and visual arts communities. It is authored by Nicholas M. O'Donnell, partner in our Art & Museum Law Practice.

The material on this site is for general information only and is not legal advice. No liability is accepted for any loss or damage which may result from reliance on it. Always consult a qualified lawyer about a specific legal problem.

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