Lee Turner v. John H. Ferguson Huntington Ridge, L.L.C.

RICHARD S. ARNOLD, Chief Judge.

Lee Turner, a limited partner in Liberty Industrial Park, sued John Ferguson, the general partner, alleging that Ferguson had violated his fiduciary duty. Turner claims that Ferguson placed his own interests above those of the partnership when he arranged the sale of a large parcel of the partnership’s property to a land development company of which he owned half. The District Court granted summary judgment in Ferguson’s favor. We reverse and. remand for trial.

I

Liberty Industrial Park (“Liberty”) was formed in 1983 to hold land for sale to developers. Turner, as…