Thursday, April 17, 2014
 

Lawyer Is Accused of Taking Funds From Cy Twombly Foundation

The Twombly Foundation alleges that prominent art lawyer and co-author of the multi-volume “Art Law: The Guide for Collectors, Investors, Dealers and Artists,” Ralph Lerner, “charged the foundation unauthorized fees for legal services and hid those charges from other members of the board by having the bills mailed to a post office box in New York and a corporate address in Delaware, and arranging wire transfers that sidestepped oversight by the foundation’s accountants.”

At the time of these alleged misdeeds, Lerner was the secretary and a director of the board of the foundation.

Via The New York Times.

 

Tags: , , , , , ,

Comments

No comments so far.
 
Legal

Clancco, Clancco: The Source for Art & Law, and Clancco.com are trademarks owned by Sergio Muñoz Sarmiento. The views expressed on this site are those of Sergio Muñoz Sarmiento and of the artists and writers who submit to Clancco.com. They are not the views of any other organization, legal or otherwise. All content contained on or made available through Clancco.com is not intended to and does not constitute legal advice and no attorney-client relationship is formed, nor is anything submitted to Clancco.com treated as confidential.

Website Terms of Use, Privacy, and Applicable Law.
 

Switch to our mobile site