HNRK Wins Victory in Artwork Dispute
HNRK recently won summary judgment in lieu of a complaint in litigation arising from the sale of valuable artwork. The defendant, a gallery owner, entered into a promissory note to resolve a dispute with Hoguet Newman’s client over the proceeds from a consignment sale of several pieces of art (the gallery sold the art but did not send our client his share of the purchase price). After the defendant failed to make the payments required by the note, we moved for summary judgment in lieu of a complaint. The Court found in favor of our client and rejected the defendant’s arguments that the note was not enforceable.
The case is Francisco Pasquel Ruiz v. Ramis Barquet, Index No. 161520/15 (New York County, Coin, J.).