Boardman v. Lovett Enterprises, Inc.

Shaw, Judge:

C. P. Boardman, Jr. and eight other limited partners in a limited partnership known as Woodland Apartments, Ltd. sued the sole general partner, Lovett Enterprises, Inc., and the remaining limited partner, James C. Lovett, president and majority shareholder of Lovett Enterprises, Inc. The limited partners allege in their complaint fraud, waste, and breach of fiduciary duties. They seek dissolution of the partnership, an accounting, and damages. Lovett moved to require the limited partners to elect either legal or equitable relief. The motion was granted and the limited partners…