Gagosian Gallery Makes Play For $3M Stanford Bullion

Law360, New York (March 1, 2010, 6:35 PM EST) -- With $3 million of gold for an exhibition caught up in Stanford International Bank Ltd.'s alleged Ponzi scheme, the Gagosian Gallery Inc. has gotten permission to pursue its own lawsuit over the bullion, gaining ground against the receiver's claims that the gold belongs to the Stanford estate.

Judge David C. Godbey cleared the way Friday for the gallery to pursue its lawsuit over 101 gold bars it acquired for exhibition from Stanford Coins & Bullion Inc., days before federal regulators accused infamous financier Robert Allen Stanford...
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