- Posted January 24, 2014
- Tweet This | Share on Facebook
No role for Detroit creditors in considering sale of art
DETROIT (AP) -- A judge overseeing Detroit's bankruptcy has rejected a request from creditors who want a role in deciding what to do with the city's valuable art collection.
Federal Judge Steven Rhodes says he lacks authority to appoint a committee.
Creditors filed a request two months ago to have a say in the appraisal of art and any potential way to make money from it. Since then, foundations have pledged more than $300 million to prevent any sale and shore up Detroit pensions.
Separately, Gov. Rick Snyder has talked to state lawmakers about the state chipping in.
Christie's auction house has appraised about 2,800 pieces of art, saying they're worth $454 million to $867 million.
Rhodes says there will be opportunities later to argue over what to do with art, if anything.
Published: Fri, Jan 24, 2014
headlines Oakland County
- Annual Meeting
- Oakland County clerk/register brings services to Highland Township and surrounding areas with June 4 local office visit
- Whitmer announces Wayne, Oakland, Macomb commit to expand Project DIAMOnD, calls for statewide expansion of “infrastructure for innovation”
- Oakland County completes work for first RainSmart resident
- SUPREME COURT NOTEBOOK
headlines National
- This Los Angeles lawyer found her calling as a death doula
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Artificial intelligence tools for brief writing and analysis are a small firm litigator’s new best friend
- Baker McKenzie partner drops suit seeking IRS documents on partnership scrutiny
- Family members sue networks after learning of loved ones’ deaths by seeing bodies on TV
- Ex-BigLaw attorney once ‘consumed with remorse’ over $10M client theft sentenced in new scheme