Published January 5, 2010 at 12:04 PM
Dec. 31 marks the end of a 75-year run in Central Park for Tavern on the Green. The operating company that has run the iconic New York City restaurant since 1976 filed for bankruptcy on Sept. 9 after failing to secure a new license from the city of New York. As a result, the Tiffany lamp shades, crystal chandeliers, Japanese lanterns, murals, flatware and nearly everything else inside the historic building will be sold at auction in mid-January.
The restaurant, in its heyday a magnet for celebrities and more recently a prominent tourist destination, will be stripped bare. That's not, however, the end of the story. The LeRoy family, which has held the city license for three decades, claims it owns the name Tavern on the Green. The city of New York disagrees. The result is a heated trademark dispute that's drawn in two prominent New York restaurant operators, New York City and about 450 angry creditors. See more in the video or download it at iTunes. - Suzanne StevensShare:
Goldman, Sachs & Co. veteran Tracy Caliendo will join Bank of America Merrill Lynch in September as a managing director and head of Americas equity hedge fund services. For other updates launch today's Movers & shakers slideshow.
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