Everest Investors 8 v. McNeil Partners
California Court of Appeal
[CERTIFIED FOR PARTIAL PUBLICATION*]
1Opinion of the Court
Opinion
MALLANO, J.
A real estate limited partnership merges into a new entity, becoming a wholly owned subsidiary of the new entity. The interests of the limited partners are liquidated or cashed out, while the general partner retains an equity interest in the postmerger entity, which then sells the assets of the limited partnership to third parties for more than the assets were valued for purposes of the cashout and merger. Under those circumstances, we hold that a limited partner’s claim against the general partner—that the merger transaction harms the limited partner by undervaluing its…
2Cases cited24 opinions
- Aguilar v. Atlantic Richfield Co.California Supreme Court · 2001
- 98 Cal. Daily Op. Serv. 1912, 98 Daily Journal D.A.R. 2691 Stanley Pareto Elbert Bressie Benjamin P. Liu Vilja Annamaria Fritzl John McCullough Edith Fritzl Heidi W. Moore Gottfried Noel Fritzl Wanda Hagan Theodore Hiatt Shih Chi Chow Shirley C. Chow Marilou Atencio Anton Atencio Gregory D. Shields Eleanor M. Shields Estelle Eichenberger Jack Lutzow Moses Noble, Jr. Ernst Meyer Phillip Yee Theodore J. Saenger Gayle I. Saenger Jack Block Tae Ryong Kim Chin Soon Kim Frank J. Schlessinger Raymond Vernazza Marion Gizzi Chester R. Williams Angelo Ferro Linda S. Williams Roger R. Franklin John P. Hurabieli Laverne Pareto John Pareto Muriel P. Burd Chae Woo Lee Hai Ja Lew Antonio Panebianco Cho Young Kugis Gebhardt Kugis Phyllis G. Zerwick John Hartung Arthur Holsten Eleanor Holsten Paul E. Kadden Shirley J. Kadden Thomas Kavanagh Cunningham Arizona, a Partnership v. Federal Deposit Insurance Corporation, as Receiver of Barbary Coast National Bank, Robert Wheeler Dickerson Kearny Paul Oliver Robert ImhoffCourt of Appeals for the Ninth Circuit · 1998
- Merrill v. Navegar, Inc.California Supreme Court · 2001
- Jones v. H. F. Ahmanson & Co.California Supreme Court · 1969
- Kahn v. East Side Union High School DistrictCalifornia Supreme Court · 2003
19 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Berg & Berg Enterprises, LLC v. BoyleCalifornia Court of Appeal · 2009
- Scheenstra v. California Dairies, Inc.California Court of Appeal · 2013
- Ekstrom v. Marquesa at Monarch Beach Homeowners Assn.California Court of Appeal · 2008
- Jara v. Suprema Meats, Inc.California Court of Appeal · 2004
- Agam v. GavraCalifornia Court of Appeal · 2015
18 more not listed; retrieve them via the Exa API.