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.