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Results:1-10 of 15

Detroit plan of adjustment approved, judge praises decison not to sell DIA collection
  • Sullivan & Worcester LLP
  • USA
  • November 7 2014

Judge Rhodes has approved the plan of adjustment for Detroit to emerge from bankruptcy. More analysis to come, but most critically for our purposes


Detroit Emergency Manager Kevyn Orr testifies about impact of selling Detroit Institute art collection
  • Sullivan & Worcester LLP
  • USA
  • October 3 2014

Throughout the Detroit bankruptcy and the attendant speculation about what role, if any, the collection at the Detroit Institute of Arts that is


City releases updated appraisal of full Detroit Institute of Arts collection, tactical questions abound
  • Sullivan & Worcester LLP
  • USA
  • July 10 2014

A report by an expert witness designated by the City of Detroit for the upcoming bankruptcy trial has been released concerning the value of the full


Bankruptcy court denies creditors’ motion to reappraise Detroit Institute of Arts collection
  • Sullivan & Worcester LLP
  • USA
  • January 22 2014

As we predicted when it was filed, Judge Rhodes of the U.S. Bankruptcy Court for the Eastern District of Michigan denied today several creditors'


Foundations pledge $330 million to keep Detroit Institute of Arts collection safe from liquidation
  • Sullivan & Worcester LLP
  • USA
  • January 13 2014

Detroit Emergency Manager Kevyn Orr's plan to monetize the collection of the Detroit Institute of Arts, whether by sale or otherwise, took a large


Hearing set on creditors’ motion to force an appraisal committee for the Detroit Institute of Arts collection
  • Sullivan & Worcester LLP
  • USA
  • December 20 2013

Following on yesterday's release of the full report and recommendations by Christie's with regard to the collection of the Detroit Institute of


Full Christie’s report issued on Detroit Institute of Arts collection, city holding the cards to push for negotiated grand bargain
  • Sullivan & Worcester LLP
  • USA
  • December 19 2013

After Judge Rhodes of the Bankruptcy Court for the Eastern District of Michigan ruled on December 3, 2013 that the City of Detroit is eligible for


Post eligibility ruling, Kevyn Orr reiterates expectation that DIA will contribute revenue to city’s financial plan
  • Sullivan & Worcester LLP
  • USA
  • December 3 2013

Just after the Bankruptcy Court held that Detroit is indeed eligible for Chapter 9 bankruptcy, Emergency Manager Kevyn Orr reiterated that he


Detroit bankruptcy will proceed, judge’s comments about Detroit Institute of Arts could affect involvement or sale of artwork
  • Sullivan & Worcester LLP
  • USA
  • December 3 2013

The Hon. Steven W. Rhodes of the U.S. District Court for the Eastern District of Michigan has ruled that Detroit may proceed with its Chapter 9


Detroit Institute of Arts responds swiftly to Detroit bankruptcy eligibility ruling
  • Sullivan & Worcester LLP
  • USA
  • December 3 2013

The Detroit Institute of Arts was ready: the museum released a statement immediately after the Bankruptcy Court's ruling today that Detroit is