Monday, July 19, 2010

Halsey Minor Rails Against Banks and FDIC, Racks up Legal Bills

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Halsey Minor made headlines in art circles for his recent litigation with both Sotheby’s and Christie’s, as well as the recent sale of his property at Phillips de Pury, at the behest of the courts. (Some earlier coverage here and here).

Last week Minor penned an essay titled Why I Fight on Huffington Post railing against banks and the FDIC. His battles stem from a hotel he was constructing in Charlottesville. His loans were cut off by Silverton Bank which shortly thereafter was shuttered and taken over by the FDIC.

Minor estimates “between the government and me, roughly $10 million already has been spent in legal fees on a dispute over a $10.3 million loan.”

Read Minor in Huffington Post here.



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Posted by Lindsay Pollock
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