PAMI-LEMB I Inc. v. EMB-NHC, L.L.C.
Court of Chancery of Delaware
1Opinion of the Court
OPINION
LAMB, Vice Chancellor.
I
This is the court’s opinion following an expedited trial held on April 15 and 16, 2004. The issues presented at trial relate both to the amended complaint and to the amended counterclaims in this matter.
This action arises out of a dispute between partners over the interpretation and enforcement of identical buy/sell provisions and related “waterfall” calculations governing the distribution of partnership proceeds in a series of partnership agreements. The partnerships were formed at various times from 1996 to 1999 to acquire, own and operate real property…
2Cases cited14 opinions
- Citadel Holding Corp. v. RovenSupreme Court of Delaware · 1992
- Desert Equities, Inc. v. Morgan Stanley Leveraged Equity Fund, II, L.P.Supreme Court of Delaware · 1993
- Gilbert v. El Paso Co.Supreme Court of Delaware · 1990
- Gilbert v. El Paso Co.Court of Chancery of Delaware · 1984
- Katz v. Oak Industries Inc.Court of Chancery of Delaware · 2008
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3Cited by28 opinions
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- American Anglian Environmental Technologies, L.P. v. Environmental Management CorporationCourt of Appeals for the Eighth Circuit · 2005
- Trombley v. Bank of America Corp.District Court, D. Rhode Island · 2010
- Trombley v. Bank of America Corp.District Court, D. Rhode Island · 2009
- AMC Investors II, LLCUnited States Bankruptcy Court, D. Delaware · 2022
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