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Home » Judge Asked to Step in on Twombly Foundation Dispute

Judge Asked to Step in on Twombly Foundation Dispute

February 4th, 2013

Cy TwomblyA Delaware judge has been asked to step in on a dispute between the board members of a foundation established by late American painter Cy Twombly.  The complaint, filed by Twombly’s lawyer Ralph Lerner, seeks to reinstate Twombly’s son Alessandro to the board in order to break a deadlock between the current members over the forced removal of treasurer Thomas Saliba.  Lerner claims that the dispute has left the foundation unable to manage its $1.5 billion in assets.

Read more at The Wall Street Journal

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