UPDATE 1-Perelman's fraud lawsuit vs NY gallery owner is thrown out
December 04, 2014 at 17:42 PM EST
NEW YORK, Dec 4 (Reuters) - The billionaire Ronald Perelman's lawsuit accusing New York City art gallery owner Larry Gagosian of defrauding him into overpaying for a Cy Twombly painting has been thrown out by a unanimous state appeals court.