A Glimmer Of Hope For Salander Gallery Creditors

“Bank of America’s First Republic unit agreed to share proceeds from the sale of art with other creditors of the bankrupt Salander-O’Reilly Galleries LLC,” whose owner “has been charged with grand larceny, securities fraud, falsifying business records, forgery and perjury.” The agreement “increases the chances that the roughly 400 unsecured creditors of the gallery … will get something back.”