Christie's Off Hook For Price Of Stolen Nazi Art: Judge

Law360, New York (September 24, 2009, 1:12 PM EDT) -- A federal judge has dismissed a South Korean art collector's bid to recover from Christie's Inc. the purchase price of a painting later discovered to have been stolen by the Nazis, saying the breach of warranty claim against the famed auction house was time-barred.

Judge Loretta A. Preska of the U.S. District Court for the Southern District of New York ruled Wednesday that the statute of limitations for Yoon Young Im to file a claim against Christie's began to toll in 1991 when he bought the...
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