Who isn't surprised that the big winners are the lawyers whose legal costs have eaten up 2.8 million Foundation dollars.
CBC News (online):
CBC News has obtained details of a proposed settlement that would have ended the eight-year-old legal dispute between the Beaverbrook Art Gallery and the Beaverbrook Canadian at Foundation.
The two sides would have split the 78 paintings roughly evenly, based on whether they came to the gallery before or after its opening in September 1959, according to foundation documents.
But the settlement was rejected by the Canadian foundation board, even though it was negotiated by Timothy Aitken, the foundation’s chairman and one of Lord Beaverbrook’s grandsons.
The rejection prompted Aitken to resign from the foundation, the documents show. Aitken confirmed the events in an interview with CBC News, his first on the subject.To view the complete news article, please click here.