Desert Equities, Inc. v. Morgan Stanley Leveraged Equity Fund, II, L.P.

HORSEY, Justice:

The underlying issue of this appeal is whether plaintiff has pled a claim for relief sufficient to preclude dismissal of the complaint on the pleadings. The action involves a dispute between a limited partner plaintiff and a general partner defendant over their respective rights under a partnership agreement. The Court of Chancery found that plaintiff’s allegations were conclusory and insufficient as a matter of law to state a claim for relief against defendant. Plaintiff appeals the court’s grant of defendants’ motion for judgment on the pleadings under Court of Chancery Rule…