{"id":5793,"date":"2011-11-09T15:54:33","date_gmt":"2011-11-09T15:54:33","guid":{"rendered":"http:\/\/hub.passdrop.me\/2011\/11\/09\/philadelphia-orchestra-seeks-court-action-against-pension-fund\/"},"modified":"2011-11-09T15:54:33","modified_gmt":"2011-11-09T15:54:33","slug":"philadelphia-orchestra-seeks-court-action-against-pension-fund","status":"publish","type":"post","link":"https:\/\/symphony.org\/philadelphia-orchestra-seeks-court-action-against-pension-fund\/","title":{"rendered":"Philadelphia Orchestra seeks court action against pension fund"},"content":{"rendered":"

In Tuesday\u2019s (11\/8) Philadelphia Inquirer<\/em><\/a>, Peter Dobrin writes, \u201cIn a motion filed last week in the [Philadelphia Orchestra] Association\u2019s Chapter 11 case, orchestra management says the American Federation of Musicians and Employers Pension Fund is seeking financial information from 16 philanthropists \u2018only in a continued effort to embarrass and harass the [association] and their donors.\u2019 Such an inquiry will have a \u2018tremendous and devastating impact\u2019 on fund-raising, the association asserts. \u2026 The orchestra estimates it needs to raise about $165 million over several years to fund its bankruptcy case and operating expenses in coming seasons, and to boost endowment to an adequate level. Additionally, the filing reserves the right to seek sanctions against the fund for \u2018vexatious and harassing discovery tactics\u2019 and litigation. \u2026 Ray Hair, president of the American Federation of Musicians and a trustee of the pension fund, said Monday that the fund\u2019s actions were rooted in the question of the original intent of the donors. \u2018Originally these donors were saying that their money was unrestricted. And now they\u2019re saying that it is restricted, so they\u2019re changing their story. I think that strengthens our claim.\u2019\u2026 As of Monday, the matter is to be heard Wednesday by Judge Eric L. Frank.\u201d\u2028<\/p>\n

Posted November 9, 2011<\/p>\n","protected":false},"excerpt":{"rendered":"

In Tuesday\u2019s (11\/8) Philadelphia Inquirer<\/em>, Peter Dobrin writes, \u201cIn a motion filed last week in the [Philadelphia Orchestra] Association\u2019s Chapter 11 case, orchestra management says the American Federation of Musicians and\u2026 <\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"topic":[],"acf":[],"yoast_head":"\nPhiladelphia Orchestra seeks court action against pension fund - Symphony<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/symphony.org\/philadelphia-orchestra-seeks-court-action-against-pension-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philadelphia Orchestra seeks court action against pension fund - 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