Louisville Orchestra Restructuring Slog

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The dreary business of the Louisville Orchestra's restructuring is going forward, with the CEO threatening to close up shop if he has to pay the band.

Today, a US Bankruptcy Court judge ruled that the organization can't cut its budget by voiding its contract with its musicians,who will now get cheques until April as a result, according to the Louisville Courier-Journal.

In testimony prior to the ruling, the board president, Chuck Maisch, said that the orchestra could only honor the contract by dipping into its endowment; the orchestra's CEO, Robert Birman, said that the orchestra would simply have to liquidate assets.

It looks as if that the proceedings start up again in Louisville on January 6.

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