The judge in the Knoedler lawsuits issued his written decision on the summary judgment motions last week. Graham Bowley has a good write-up in the Times here. The Art Market Monitor has posted the decision here. Trial is set for January.
Lots of interest within the decision, including the way the court distinguishes (in footnote 27) the ACA Galleries case from a couple years ago, where summary judgment was granted because the purchaser "had the opportunity to fully investigate the authenticity of the painting but failed to do so." Judge Gardephe says:
"The facts here are not comparable. Plaintiffs do not not operate art galleries, and they are not in the business of buying and selling works of art. Instead, they are consumers who relied on representations made by one of the most reputable and most established art galleries in New York City."