Wednesday, May 06, 2009

More Art-Related Bankruptcy News

The Wall Street Journal reports: "The art lovers at a once high-flying subprime mortgage lender now under bankruptcy protection and California’s insurance regulator have settled their fight over collection of Ansel Adams prints. Fremont General Corp. has agreed to let California’s Insurance Commissioner to keep $4.1 million from the sale of Ansel Adams prints sold at Christie’s auction house last year in the months before the company filed for bankruptcy protection."