5th Circ. Trims Rothko Painting Ex-Owner's Contract Row

Law360, New York (September 29, 2016, 6:13 PM EDT) -- The Fifth Circuit on Wednesday affirmed a lower judge's decision that an art collector was not liable for revealing the identity of the woman who sold him a prominent Mark Rothko painting, though the circuit court overturned the finding that a third company might be on the hook for damages.

The three-judge appellate panel concluded that U.S. District Judge Sidney A. Fitzwater did not err in granting judgment as a matter of law to David Martinez and his company, Studio Capital Inc., after a Texas federal jury in late 2013 had found the two had broken an agreement to keep the identity...

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