Ryan O'Neal Needs More Time To Respond To Warhol Lawsuit
May 28 2018, Updated 10:12 a.m. ET
By Jen Heger - Breaking Celebrity News Legal Editor
Ryan O'Neal was supposed to file an official response by today to the University of Texas' lawsuit against the actor in connection with an Andy Warhol portrait of Farrah Fawcett, but he's requesting more time to respond, Breaking Celebrity News is exclusively reporting.
The civil suit, filed by the University of Texas Board of Regents in Federal District Court in Los Angeles, asked a court to order the Love Story actor to turn over the portrait because Farrah left her art collection to her alma mater.
Star magazine's exclusive report on June 22 revealed that the "lost" Warhol -- said to be worth up to $30 million -- was in fact hanging above O'Neal's bed in his beachfront Malibu mansion.
O'Neal's spokesperson issued a statement saying the Warhol was his. The statement read: "This is a completely ridiculous lawsuit. Ryan's friendship with Andy Warhol began ten years prior to his meeting Farrah Fawcett. When Ryan introduced Farrah to Andy Warhol, he chose to complete two portraits of h