A major legal battle over the estate of copper heiress Huguette Clark has reached a settlement, with the Corcoran Gallery of Art receiving a large share of Clark’s fortune, including $10 million in cash, half the proceeds from the sale of Monet’s Water Lillies, and a seat on the board of a new national arts foundation. “We’re going to be very guarded with these funds,” said Corcoran President Peggy Loar. “This will help our operating situation, but very carefully.”
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