Pursuits
N.Y. City Opera Lawyer Expects Bankruptcy Filing Tomorrow
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New York City Opera, created 70 years ago as the “people’s opera,” expects to file for bankruptcy protection tomorrow and either liquidate in court or be sold to another institution, its lawyer said.
The nonprofit organization, which this year produced “Anna Nicole,” about the late tabloid celebrity, failed to reach its fundraising goal of $7 million, the lawyer, Kenneth Rosen of Lowenstein Sandler LLP, said yesterday in phone interview.