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Lawyer Is Accused of Taking Funds From Cy Twombly Foundation

September 12th, 2013 in Art Law / Litigation / Nonprofit
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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.

 

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This entry was posted on Thursday, September 12th, 2013 at 12:39 am and is filed under Art Law, Litigation, Nonprofit. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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