Legal Opinion
Cannon v. Bertrand
Supreme Court of Louisiana
Decided January 21, 2009No. 2008-C-1073PublishedCited by 8 opinions
1Opinion of the Court
TRAYLOR, Justice. *
| ,We granted this writ application in order to determine whether the courts below erred in applying a “minority discount” in determining the value of a one-third share of a partnership. For the reasons which follow, we reverse.
FACTS and PROCEDURAL HISTORY
In March 1997, Kenneth Cannon, Jr. (Cannon), the plaintiff, and Lenard Bertrand (Bertrand) and Wade Leger (Leger), the defendants, created LBC, L.L.P. (LBC), a limited liability partnership, by written agreement. The agreement, which contained no term, provided that each of the partners enjoyed an equal one-third share of…
2Cases cited3 opinions
- Shopf v. Marina Del Ray PartnershipSupreme Court of Louisiana · 1989
- Cannon v. BertrandLouisiana Court of Appeal · 2008
- Cannon v. BertrandSupreme Court of Louisiana · 2008
3Cited by8 opinions
- Congel v. MalfitanoCourt for the Trial of Impeachments and Correction of Errors · 2018
- Vedros v. VedrosLouisiana Court of Appeal · 2017
- Trahan v. TrahanLouisiana Court of Appeal · 2010
- Wall v. BryanLouisiana Court of Appeal · 2018
- Fancher v. PrudhomeLouisiana Court of Appeal · 2013
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