Partnership, LP & LLC Disputes

Alternative statutory entities today account for an increasing percentage of newly formed businesses. The popularity of these vehicles has resulted in a corresponding increase in disputes regarding them. Ross Aronstam & Moritz has litigated multiple governance disputes in this area, as well as claims regarding the value of interests in these entities.

Representative Cases

In re Kinder Morgan, Inc. Corporate Reorganization Litigation, Consol. C.A. No. 10093-VCL (Del. Ch.), aff'd, No. 515, 2015 (Del. 2016)
PECO Logistics, LLC v. Walnut Investment Partners, L.P., C.A. No. 9978-CB (Del. Ch. 2015)
Ellis v. OTLP GP, LLC, C.A. No. 10495-VCN (Del. Ch. Jan. 30, 2015)
Policeman's Annuity and Benefit Fund v. DV Realty Advisers, C.A. No. 7204-VCN (Del. Ch.), aff'd, No. 547, 2012 (Del. 2013)
Levey v. Brownstone Asset Management, LP, C.A. No. 5714-VCL (Del. Ch. Aug. 1, 2014), No. 563, 2014 (Del. 2014)
Royal Bank of Scotland PLC v. Rastetter, C.A. No. 5747-VCP (Del. Ch. 2010)
Progressive Financial Strategies, LLC v. Focus Financial Partners, C.A. No. 5086-VCL (Del. Ch. 2009)
Kuroda v. SPJS Holdings, L.L.C., C.A. No. 4033-CC (Del. Ch. 2008)

Articles and Memos

Direct, Derivative, or Both? Delaware Supreme Court Answers Questions of Claim Ownership and Standing
March 2017
The M&A Lawyer