Matisse drawing among artworks Peters used to secure $4.9 million loan, according to new lawsuit

By Yahoo! Finance | Oct 28, 2024 at 11:43 PM EST

Gerald Peters, a businessman in Santa Fe, resolved some financial issues but faces a new lawsuit for a $2.7 million loan default. The lawsuit alleges he used valuable artwork as collateral and seeks damages and an injunction. Peters aims to settle the matter and has faced other lawsuits for loan defaults.

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