Artforum: "Sackler family members settle Purdue Pharma suit for $225 million" - Oct 22, 2020
The US Department of Justice yesterday announced that Sackler family members associated with Purdue Pharma will pay $225 million in civil penalties to settle the federal suit regarding OxyContin.
Antiques Trade Gazette: "New anti-money laundering cost to the art trade 'entirely inappropriate'" - Oct 19, 2020
A government consultation closed last week on a proposal from the Chancellor to raise an ‘Economic Crime Levy’ on all UK AML regulated firms, from banks and accountants to regulated art market companies.
Bloomberg Law: "Hershey, Artist Settle Trademark Dispute Over ‘Kill Kat’ Toy Art" - Oct 16, 2020
Hershey Co. and artist Andrew Bell settled a dispute over the alleged misuse of Hershey’s trademarks in connection with his “Kill Kat” and “Kisses of Death” designer art toys, according to a filing in Brooklyn federal court.
New York Times: "Museum Inquiry Into Whistle-blower Complaint Finds No Misconduct" - Oct 14, 2020
The Detroit Institute of Arts said Wednesday that a three-month review of a whistle-blower complaint against its director and board chair found they had not skirted conflict of interest rules when the museum borrowed a $5 million El Greco painting owned by the director’s father-in-law.
Art Newspaper: "Inhotim cannot use works from its collection to pay off founder's debt, judge rules" - Oct 14, 2020
The judge Bárbara Heliodora Quaresma Bomfim announced the decision on 8 October, stating that the agreement, which was approved by Paz and the state of Minas Gerais in 2016, is “illegal and null and void” as it does not prioritise the public interest. The works are “inseparable from private property”, she says.