Century Capital Group v. Barthels

Century Capital Group (CCG) appeals from a judgment holding that it breached its fiduciary duty to its limited partners. CCG maintains that once the limited partners voted for its removal as general partner, it had no fiduciary obligation to effectuate its own removal. We disagree. CCG also disputes the circuit court's disallowance of certain fees and charges which were assessed after the breach as payment for CCG's continuing management as general partner. We conclude that the setoffs determined by the circuit court were proper. Accordingly, we affirm.

Century Warehouse Fund III Limited…