A foundation that until recently authenticated Andy Warhol works can proceed with a lawsuit against its insurer seeking coverage for millions in legal fees it incurred defending a now-settled lawsuit accusing the foundation of rigging the authentication process for its own benefit, a Manhattan judge has ruled.
Manhattan Supreme Court Justice O. Peter Sherwood (See Profile) on Dec. 6 rejected several arguments put forth by Philadelphia Indemnity Insurance Company claiming that it was not liable for the fees under a series of policies it issued to the Andy Warhol Foundation for the Visual Arts Inc. The case is Andy Warhol Foundation v. Philadelphia Indemnity Insurance, 650917/11.
