UPDATE 1-N.Y. art gallery, Sotheby's chairman settle fake Rothko case
February 10, 2016 at 18:26 PM EST
NEW YORK, Feb 10 (Reuters) - Knoedler & Co, which before closing in 2011 was New York City's oldest art gallery, has agreed to settle a lawsuit over an $8.3 million sale of a fake Rothko painting, just as its ex-president was preparing to testify at trial.