Legal Opinion

In Re LJM2 Co-Investment, L.P.

Superior Court of Delaware

Decided December 21, 2004No. C.A. 300-NPublishedCited by 14 opinions

1Opinion of the Court

LAMB, Vice Chancellor:

I

A limited partnership was formed under Delaware law for the purpose of making investments in businesses related to Enron. Shortly thereafter, the general partner executed a credit agreement with a number of banks. After Enron declared bankruptcy, the bank creditors, acting pursuant to the credit agreement, forced the general partner to make a call upon the limited partners to contribute additional capital within the limit of their original capital commitment.

Before the call became due, the limited partners replaced the general partner and, with the concurrence of the…

2Cases cited16 opinions

  1. Hirsch v. Arthur Andersen & Co.Court of Appeals for the Second Circuit · 1995
  2. Shearson Lehman Hutton, Inc. v. Walter Wagoner, Jr., TrusteeCourt of Appeals for the Second Circuit · 1991
  3. Grobow v. PerotSupreme Court of Delaware · 1988
  4. In Re Ozark Restaurant Equipment Co., Inc. James G. Mixon, Trustee v. Bruce Anderson, Elmer Dale Yancey, Kenneth Eads, Robert Whiteley and Anderson Cajun's Wharf, James G. Mixon, Trustee v. Anderson Cajun's Wharf, James G. Mixon, Trustee v. Ed Yancey, Bruce Anderson and Kenneth EadsCourt of Appeals for the Eighth Circuit · 1987
  5. Official Committee of Unsecured Creditors v. R.F. Lafferty & Co., Inc. Cogen Sklar, L.L.PCourt of Appeals for the Third Circuit · 2001

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3Cited by14 opinions

  1. The Honorable Karen Weldin Stewart, CIR-ML, Insurance Commissioner v. Wilmington Trust SP Services, Inc.Court of Chancery of Delaware · 2015
  2. Transeo S.A.R.L. v. Bessemer Venture Partners VI L.P.District Court, S.D. New York · 2013
  3. American International Group, Consol. Deriv. Lit.Court of Chancery of Delaware · 2009
  4. Picard v. Merkin (In Re Bernard L. Madoff Investment Securities LLC)United States Bankruptcy Court, S.D. New York · 2010
  5. Fritz v. Resurgent Capital Services, LPDistrict Court, E.D. New York · 2013

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