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Lawrence McMichael

(credit:  Ryan Donnell)

Bankruptcy Judge Terminates Philadelphia Orchestra’s Current Pension Plan

A judge gave the Philadelphia Orchestra permission to terminate its single-employer pension plans. The orchestra said it would be, “difficult, if not impossible,” to reorganize the orchestra with the current plan in place.

11/29/2011

(Credit: Don Murray/Getty Images)

Bankruptcy Filing Causes Dischord Between Peter Nero, Orchestra

The Philadelphia Orchestra’s financial reorganization could leave the famed conductor playing solo.

04/22/2011

Musicians' lawyer Bruce Simon (left) and player's committee chairman and cellist, John Koen (right) (credit: KYW's Steve Tawa))

Philadelphia Orchestra Files For Bankruptcy

The Philadelphia Orchestra has scored another first, but none of its trademark lush notes were sounded. The stage was a courtroom, as it became the first major U.S. orchestra to declare bankruptcy.

04/21/2011