Displaying items by tag: attorneys

The long-running dispute between the former board of North Miami’s Museum of Contemporary Art and the city that housed it is over.

Attorneys for both sides met this week after months of mediation to work out the final settlement, emerging with a plan Wednesday that will split the museum’s assets between the city and departed board members, who have since founded a new institution, and close the lawsuit that was filed earlier this year.

According to a joint statement released Wednesday, North Miami will keep the majority of the 600-work permanent collection, some of which was donated by board members who left MOCA, that was a major sticking point in the mediation talks.

As legal jockeying continues in Detroit’s bankruptcy, the city and the Detroit Institute of Arts have jointly hired a New York art investment firm whose personnel could be called as expert witnesses to push back against creditors trying to force a sale of art in court.

Artvest Partners, a well-known company that advises attorneys, dealers, insurers, other art world professionals and collectors, has been engaged to provide a price range for the entire 66,000-piece collection at the city-owned DIA and assess the viability and practicality of selling art or otherwise monetizing the collection, said Bill Nowling, spokesperson for Detroit emergency manager Kevyn Orr.