Knoedler Gallery Faces 4th Lawsuit Over Fake Art Sales

Law360, New York (January 31, 2013, 8:05 PM EST) -- Now-defunct Manhattan art dealer the Knoedler Gallery was accused Tuesday of knowingly selling a fake Mark Rothko oil painting for $5.5 million, marking the fourth time the gallery has been sued over forged artwork since it was shuttered in 2011.

The Martin Hilti Family Trust filed a complaint in New York federal court against the gallery, former director Ann Freedman, chairman Michael Hammer and two Long Island art dealers, saying they violated federal racketeering laws by intentionally selling a fake Rothko called "Untitled."

The new suit...
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