As the final details of Detroit’s bankruptcy plan begin to take shape, bond insurer Syncora (the same group that slapped the Detroit Institute of Arts with a massive subpoena months ago) has filed a formal objection over the management of out-of-court settlements in the city’s exit from bankruptcy.  The complaint, filed this week, stated that chief mediator Gerald Rosen made several statements that he felt it was his duty to get the best possible deal for Detroit’s pensioners, rather than maintain impartial judgements in the settlements. (more…)

The court case over payment to three trustees of the Robert Rauschenberg Revocable Trust has been settled this week by a Florida judge, who approved a payment of $24.6 million for “extraordinary services” in preserving the artist’s legacy, much to the disappointment of Rauschenberg’s estate, which is considering its options in the face of the ruling.  “We are reviewing our legal options and will pursue the course of action that is in the best interest of the foundation,” says Christopher Rauschenberg, the artist’s son and president of the foundation. (more…)