- Associated Press - Thursday, August 14, 2014

CAPTIVA ISLAND, Fla. (AP) - Pop artist Robert Rauschenberg’s foundation is appealing a Florida judge’s decision to award $16.6 million in fees to three friends chosen to oversee his estate before he died in 2008.

Rauschenberg’s son Christopher is the chairman of the foundation’s board of directors. He tells the News-Press (https://newspr.es/1sYYs6d ) that the fees awarded aren’t reasonable and reduce the resources available for the foundation’s charitable pursuits.

Lee County Judge Jay Rosman on Aug. 1 awarded the trustees $24.6 million, minus $8 million they already had collected in fees from the foundation. The trustees’ attorney, Michael Gay, says the foundation “seems determined to continue wasting its resources through an appeal.”

The trustees initially sought $60 million in compensation for administering the artist’s trust. The lawsuit dragged on for years before trial ended in June.

___

Information from: The (Fort Myers, Fla.) News-Press, https://www.news-press.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide