HOME  |  CONTACT US  |  SUBSCRIBE  |  SUPPORT WLF

Case Detail


Everest Prop. II, LLC v. Prometheus Development Co.
On December 20, 2007, WLF filed a brief in the California Supreme Court urging it to review and reverse a court of appeal's ruling that expanded legal liability for the first time of a general partner when proposing transactions involving the partnership property. The court of appeal held that the general partner has a duty to ensure that the proposed transactions were "inherently fair" to the limited partners, despite those partners' approval of the transaction and California law, which allows a general partner to make a profit in dealing with partnership property. The Court has until February 4, 2008 to decide whether or not it will review the case.
Case Status:
Pending.
More Information and Downloads:
12/20/2007: Download the Brief

  • Welcome to the Washington Legal Foundation
  • 2009 Massachusetts Ave., NW
    Washington, DC 20036
  • info@wlf.org  |  ph. 202-588-0302
    ©2017 WLF All Rights Reserved