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March 14, 2013

Turmoil at Cy Twombly Foundation Escalates With New Lawsuit

A lawsuit filed Wednesday accuses two board members of the foundation established to promote painter Cy Twombly's works and legacy collecting $300,000 in fees from the charity, The New York Times writes.

Nicola Del Roscio, the late painter's companion, and Julie Sylvester, a curator and Twombly expert, claim that Thomas H. Saliba paid himself unauthorized investment fees with the help of the fourth board member, attorney Ralph E. Lerner, and that the latter two sought to wildly inflate the value of Twombly works to pad commissions they would receive as administrators of a trust that predated the foundation.

The filing comes a month after Mr. Lerner asked a court in Delaware, where the foundation is incorporated, to appoint a fifth director to break what he termed a deadlock among the leaders.