Museum Seeks Coverage For Art Lost In Big Swindle

Law360, New York (March 9, 2010, 12:44 PM EST) -- The Philadelphia Museum of Art has filed a lawsuit against its insurer in an attempt to recoup losses it suffered when two of its paintings were fraudulently sold by a New York gallery owner accused of swindling a slew of other big-name consignors.

The museum lodged the suit against AXA Group member AXA Art Insurance Co. on Monday in the U.S. District Court for the District of Maryland, seeking compensation for the paintings it claims were wrongly sold by Lawrence B. Salander, the notorious art dealer...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.