Suit filed over le rip in ‘Le Reve’
From Associated Press
Casino mogul Steve Wynn sued Lloyd’s of London on Thursday, saying the insurance company failed to act properly on his demands to pay $54 million in lost value for a Picasso that was damaged when Wynn accidentally poked a hole in the canvas with his elbow. The lawsuit in U.S. District Court in Manhattan sought an order to force Lloyd’s to expedite Wynn’s claims for reimbursement and restoration costs for Picasso’s 1932 work, “Le Reve,” by providing him with an appraisal report or initial damages assessment.