Wednesday, February 10, 2016

It's over (UPDATED 6X)

Knoedler trial settles.

UPDATE:  Here is the New York Times story.  Here is Eileen Kinsella at artnet ("It was an anticlimatic end to over two weeks of dramatic and often damning testimony ...").

UPDATE 2:  "The fact that this was a fraud from 1994 to 2009 was totally unavoidable to see. We are proud of these clients, who had the resolve to make it to court."

UPDATE 3:  The NYT's Patricia Cohen:  "[Knoedler] must have been worried about what former president Ann Freedman was going to say at trial."

UPDATE 4:  "When a litigant perceives, during the course of a trial, that there’s a good chance he’ll lose his case, there is an impetus to settle."

UPDATE 5:  Some final thoughts from Jay Grimm.

UPDATE 6:  Laura Gilbert's post-mortem.