Salander-O'Reilly Galleries

This art gallery filed its chapter 11 case after numerous fraud allegations were made against the company and its manager. Prior to its bankruptcy, the gallery was one of the largest art galleries in New York City. As counsel to the creditors’ committee, the firm negotiated a settlement whereby the committee had standing to investigate and prosecute substantially all claims on behalf of the estate. The firm also negotiated a claims-resolution process to address ownership issues related to artwork in the company’s possession. A plan was confirmed in 2010. Postconfirmation, the firm has been representing the liquidating trust formed under the plan.