Legal Opinion
TIFD III-X LLC v. Fruehauf Production Co.
Court of Chancery of Delaware
Decided June 28, 2004No. C.A. 20488-NCPublishedCited by 17 opinions
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
This case involves an interesting question regarding the doctrine of recoupment. A limited partnership agreement contains provisions governing the distribution of the partnership’s economic benefits to its equity holders. Those provisions grant 1% of the profits to the general partner until a certain calculation comparing the sole limited partner’s capital contributions to the economic benefits it receives from the partnership yields a positive balance, and then increases to 25% after that time. The limited partner has exercised its right to cause dissolution…
2Cases cited10 opinions
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- Desert Equities, Inc. v. Morgan Stanley Leveraged Equity Fund, II, L.P.Supreme Court of Delaware · 1993
- Luckenbach Steamship Co., Inc. v. United StatesCourt of Appeals for the Second Circuit · 1963
- Fike v. RugerSupreme Court of Delaware · 2000
- Pennsylvania R. Co. v. MillerCourt of Appeals for the Fifth Circuit · 1941
5 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- ASARCO LLC v. Americas Mining Corp.District Court, S.D. Texas · 2008
- Finger Lakes Capital Partners, LLC v. Honeoye Lake Acquisition, LLCSupreme Court of Delaware · 2016
- Levine v. Telco Systems, Inc. (In Re World Access, Inc.)United States Bankruptcy Court, N.D. Illinois · 2005
- AM General Holdings LLC v. The Renco Group, Inc. & The Renco Group, Inc. v. MacAndrews AMG Holdings LLCCourt of Chancery of Delaware · 2016
- Alchemy Ltd LLC v. FANchise League Company, LLCCourt of Chancery of Delaware · 2023
12 more not listed; retrieve them via the Exa API.