by Staff of the Firm | Sep 27, 2016 | Uncategorized
Soon after Hogan was brought in as a 1/3 owner of Turbine Asset Holdings, LLC (“TAH”), he began assisting TAH with business opportunities using his contacts and expertise.[1] One such opportunity involved Pratt & Whitney (“Pratt”), which was expected to be a very...
by Staff of the Firm | Sep 15, 2016 | Business Management, Disagreement, Uncategorized
Here at The R. Shawn McBride Law Firm, PLLC, we write frequently about partnership, LLC, and multi-owner entities. In most, if not all, cases or situations we discuss, business partners start out on friendly terms, in a spirit of collaboration and genuine...
by Staff of the Firm | Sep 1, 2016 | Uncategorized
In Dieckman v. Regency GP LP,[1] the court noted that limited partnerships are governed by their partnership agreements and by Delaware’s limited partnership law. As the court emphasized, the explicit policy of the law is “to give maximum effect to the principle of...
by Staff of the Firm | Aug 25, 2016 | Delaware Law Update, Partnerships, Uncategorized
Dieckman v. Regency GP LP[1] involved the acquisition of Regency Energy Partners LP (“Regency”) by an affiliated entity in a merger. Dieckman was a former unitholder of Regency. Dieckman claimed that Regency’s general partner (“GP”) favored the interests of its...
by Staff of the Firm | Aug 18, 2016 | Delaware Law Update, Partnerships, Uncategorized
In our previous blog series on Comparison of LLC Statutes, we talked about fiduciary duties in the context of a limited liability company (LLC). Fiduciary duty is a legal duty to act solely in another person’s interests. It generally encompasses the duty of care...
