New York City Opera Nearing Exit From Bankruptcy

Law360, New York (January 8, 2016, 5:33 PM EST) -- New York City Opera may finally exit bankruptcy this month with a plan that puts to bed a longtime struggle between two would-be owners but has drawn an objection from the New York Attorney General's Office.

The plan set to be considered at a hearing Tuesday would see architect and businessman Gene Kaufman yield to hedge fund founder Roy Niederhoffer in exchange for a $300,000 claim and other things, filings say.

The new principal, Niederhoffer's NYCO Renaissance Ltd., said in December’s plan submission it envisions a “dynamic, lean, entrepreneurial” reorganized New York City Opera that will start off with a $5.5...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS