Bob Allen Guides the Dallas Museum of Art to a Successful Resolution of a D&O Claim Denial
July 01, 2013
The Dallas Museum of Art was sued by an alleged jilted heir of a benefactor who with her late husband donated a substantial art collection to the DMA. The heir alleged that the DMA, three of its directors, a Dallas philanthropist and a leading Dallas lawyer conspired to deprive him of a 1/2 share of the art collection under the French forced heirship law.
The DMA turned the suit over to its D&O insurer, who initially denied coverage based on a “conversion of art” exclusion and the DMA retained Bob Allen for guidance. The D&O insurer then retracted its denial and the parties settled their dispute. In an email to Bob, the DMA Chief Financial Officer, Jeff Guy, commented: “On behalf of the DMA, please accept our thanks for the leading us on the long and arduous road resulting in the recovery of legal fees associated with our recent Directors & Officers Insurance coverage claim. Bob, as we deposited the recovery check today, it brought to mind how your counsel and encouragement to stay the course, provided this tangible result…we appreciate and salute your efforts.”