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Sullivan & Worcester LLP Obtains Complete Dismissal of $204 Million Claim Against Artmentum GmbH

Posted by Nicholas O'Donnell on November 7, 2014 at 9:14 AM

In between enjoying another excellent Art Law Day today at NYU, I am pleased to report that Sullivan & Worcester LLP’s Art and Museum Group scored a significant win this week. Our client Artmentum GmbH was sued in New York for $204 million in connection with a potential art collection sale. The plaintiff Art Assure Ltd., LLC and its principal Asher Edelman accused my clients of fraud and breach of contract, which they denied categorically. The matter was entitled ArtAssure Ltd., LLC v. Artmentum GmbH et al., No. 1:14-cv-3756 (LGS).

On Wednesday, the U.S. District Court for the Southern District of New York allowed our motion to dismiss and entered judgment for my clients. The press release detailing the decision is can be found here.

Topics: No. 1:14-cv-3756 (LGS), Art Assure Ltd. LLC, Collections, Asher Edelman, Artmentum GmbH, Sullivan & Worcester LLP, Art and Museum Law Group, Litigation, ArtAssure Ltd. LLC v. Artmentum GmbH et al.

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The Art Law Report provides timely updates and commentary on legal issues in the museum and visual arts communities. It is authored by Nicholas M. O'Donnell, partner in our Art & Museum Law Practice.

The material on this site is for general information only and is not legal advice. No liability is accepted for any loss or damage which may result from reliance on it. Always consult a qualified lawyer about a specific legal problem.

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