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Detroit Institute of Arts Retains Cravath

On May 23, 2013, it was announced that Cravath partner Richard Levin, Chair of the Firm’s Restructuring practice, will provide legal advice and counsel to the Detroit Institute of Arts (DIA) on issues regarding the asset status of the DIA collection. The advice will assist the DIA in evaluating the exposure of the collection, which is owned by the City of Detroit, Michigan, to the creditor obligations currently under review by the city’s emergency financial manager.