June 9, 2013 Fraud

Judge Suggests Parties Settle Ugly Dispute Over Art Valuation Over Cocktails in the Hamptons

A feud between a billionaire art collector and a gallery owner continued in a Manhattan court on June 5, 2013. The head of Forbes Holdings Inc. & MacAndrews, Ronald Perelman, is suing Larry Gagosian over past art deals. The case started in September 2012 when both parties filed claims against each other on the same day in the same New York court. Gagosian accused Perelman of backing out of a $23 Million art deal. Perelman’s suit asserts that Gagosian manipulated art prices and concealed information …