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Home » Disputes Continue for the Cy Twombly Foundation

Disputes Continue for the Cy Twombly Foundation

March 14th, 2013

Cy Twombly via VCCAMore conflicts have come to light in the recent dispute between the board members of the Cy Twombly Foundation.  A lawsuit, filed on Wednesday in Delaware state court, accuses director Thomas Saliba and lawyer Ralph Lerner of taking an unauthorized $300,000 in investment fees from the organization.  “Lerner and Saliba have refused to provide a copy of the trust or disclose their trustee commissions, which makes it impossible to confirm the extent of their wrongdoing, but the facts currently known raise very serious questions about Lerner’s and Saliba’s conduct,” the lawsuit said.

Read more at the New York Times

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