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SCHLAIFER NANCE & CO., INC. v. WARHOL

No. 90 Civ. 1095(DC).

7 F.Supp.2d 364 (1998)

SCHLAIFER NANCE & CO., INC., Plaintiff, v. Estate of Andy WARHOL, et al., Defendants.

United States District Court, S.D. New York.

June 3, 1998.

Attorney(s) appearing for the Case

Powell, Goldstein, Frazer & Murphy L.L.P. by John T. Marshall, Atlanta, GA, for Plaintiff.

Coblence & Warner by Paul J. Hanly, Jr., New York City, for Defendants.

OPINION

CHIN, District Judge.

In this case, plaintiff Schlaifer Nance & Co., Inc. ("SNC") alleged that it was fraudulently induced into entering a licensing agreement with the defendant Estate of Andy Warhol (the "Estate") by defendants' false representations that the Estate owned all the copyrights to all of Warhol's works of art. SNC and its attorneys knew, however, that the proposition could...

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