5Pointz Developer Agrees to Pay $2 Million in Attorneys’ Fees

G&M Realty LP agreed to pay over $2 million in attorneys’ fees in Brooklyn federal court to graffiti artists whose works it whitewashed at its 5Pointz property, in addition to the $6.75 million in damages it was assessed in a landmark case under the Visual Artists Rights Act.

Gerald Wolkoff’s G&M Realty planned to tear down the warehouses that had become a graffiti “mecca” to build an apartment complex. The U.S. District Court for the Eastern District of New York denied the artists’ motion for a preliminary injunction blocking the demolition, but said it would issue a written opinion soon ...