.jpg)
Does a partner's fiduciary duty include the buyout awarded in arbitration?
List mates:
A former partner of a dissolved partnership has a huge arbitration award
based upon the valuation of the business.
The award itself does not find any breach of fiduciary duty or fraud or
conversion.
However, it does say he must pay the value of his partner's interest in
the business that was dissolved.
Question: Does the Debtor Partner who owes it to the Creditor Partner
have a fiduciary duty to pay it? Or since the partnership is terminated
does the Debtor Partner only owe it as an individual, not a partner?
Law Offices of Steven B. Lever
>
> Steven B. Lever
>( Tel. (562) 436-5456 ext. 1
>( Fax (562) 485-6886
>* sblever@leverlaw.com
> www.leverlaw.com
> ******************************************************
> This Internet e-mail contains confidential information
> which is intended only for the addressee and which may
> be privileged under applicable law. Do not read, copy
> or disseminate it if you are not the addressee. If you
> have received this message in error, please notify the
> sender immediately and delete it. Thank you.
> ******************************************************
The post was migrated from Yahoo.