Christie’s in New York is offering two pieces of art from the private collection of Vinalhaven artist Robert Indiana in a controversial sale to help pay the mounting legal bills of the late artist’s estate and make critical repairs before winter to his deteriorating island home, the once-grand Star of Hope. Maine Preservation listed the Star of Hope as one of Maine’s most endangered historical places two weeks ago. DO NOT ARCHIVE!! Can only be used in connection with preview or review of relevant sale. One-off usage only. (Credit to Christie's Images LTD. 2018) Ellsworth Kelly (1923-2015) Orange Blue signed with artist's initials, inscribed, dedicated and dated 'EK 1957 FOR ROBERT AN ORANGE PEEL FROM PIER 7' (on the reverse) oil on canvas 16 x 12 in. Painted in 1957. Estimate: USD $900,000 - $1,200,000 Post-War and Contemporary Art Morning Session, New York, November 16, 2018. (Credit to Christie's Images LTD. 2018) ABOVE: Ed Ruscha's "Ruby," oil on canvas, … [Read more...] about Paintings owned by Robert Indiana go to auction in New York
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Judge Hearing New York AG’s Lawsuit Against ExxonMobil Agrees to Divest From Energy Co.
The judge set to hear New York Attorney General Barbara Underwood’s lawsuit against Exxon Mobil Corp. has agreed to divest from his current stock in the gas and oil company and decline any restitution that may come from the case for investors. Manhattan Supreme Court Justice Barry Ostrager of the Commercial Division said in court on Wednesday that he would sell his shares in the company—which amount to somewhere between $100,000 and $250,000 in one fund, and an unknown amount in a retirement account. Underwood’s office had asked Ostrager, after filing their suit against Exxon last month, to recuse himself from the case because of his stock in the company. A spokeswoman for Underwood said his decision to divest addressed their concerns. “Our office raised specific concerns regarding the court’s ownership of a significant quantity of Exxon stock, which were addressed by Justice Ostrager’s decision to sell the shares and renounce his portion of any … [Read more...] about Judge Hearing New York AG’s Lawsuit Against ExxonMobil Agrees to Divest From Energy Co.
New York sues Exxon for misleading investors on climate change risk
Reuters October 24. 2018 8:48PM An Exxon Mobil gas station in Denver is shown on July 28, 2017. (REUTERS/Rick Wilking/File Photo) HOUSTON — New York’s attorney general sued Exxon Mobil Corp on Wednesday, alleging that the world’s largest oil company for years misled investors about the risks of climate change regulations on its business.The suit, filed in New York Supreme Court, New York County, seeks undisclosed damages, a court order for a review of the company’s representations, and that the company corrects “numerous misrepresentations” to investors.It alleges Exxon assured investors it had properly evaluated the impact of climate regulations on its business using a “proxy cost” for the likely effects of future events on its business. However, these proxy figures frequently were not used in its internal planning or cost assumptions, the suit claims.The company also failed to properly account for such costs in determining its … [Read more...] about New York sues Exxon for misleading investors on climate change risk
New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change
Sections SEARCH Skip to content Skip to site index Climate Subscribe Log In Log In Today’s Paper Advertisement Supported by ByJohn Schwartz Oct. 24, 2018 Want climate news in your inbox? Sign up here for Climate Fwd: , our email newsletter. New York’s attorney general filed a lawsuit against Exxon Mobil on Wednesday that claims the company defrauded shareholders by downplaying the expected risk of climate change to its business. The litigation, which follows more than three years of investigation, poses a financial risk to Exxon, as well as a potential reputational blow to a company that has worked to build an image of being concerned about climate change. It could also expose the company to other litigation. The suit does not charge Exxon with playing a role in creating climate change, though the burning of fossil fuels is a major contributor to human-driven global warming. Rather, it says the company … [Read more...] about New York Sues Exxon Mobil, Saying It Deceived Shareholders on Climate Change
Harvard University, New York University Law Reviews Accused of Bias Against Whites, Men
A group based in Texas is suing legal journals at Harvard University and New York University over allegations that they illegally give preference to women and racial minorities when selecting editors and the articles they publish. The group, called Faculty, Alumni and Students Opposed to Racial Preferences, filed a federal lawsuit against the Harvard Law Review on Saturday and a separate suit against the NYU Law Review on Sunday. They demand that the U.S. Education Department immediately cut federal funding from both schools until the journals stop considering race or sex. It adds to mounting scrutiny over the way America's elite universities consider race. Harvard will soon go to trial in a lawsuit alleging its admissions office discriminates against Asian-Americans, while the Trump administration says it's investigating similar claims at Harvard and Yale University. According to the new lawsuits, the student-run journals once chose their editors and articles through merit alone but … [Read more...] about Harvard University, New York University Law Reviews Accused of Bias Against Whites, Men