Transpetco I Joint Venture v. Clearview Investments, Ltd.

| j Clearview Investments Ltd. appeals a judgment ordering it to pay Transpetco I Joint Venture, a joint venture of which Clearview was a member, $248,900 to restore Clearview’s negative capital account balance with the joint venture. Clearview contends that Transpetco’s accounting is wrong in that it illegally allocated 100% of its leasehold costs to Clearview’s predecessor in title in 1992; using the proper allocation of 62.5%, Clearview contends it had a positive capital account and Transpetco actually owes it $276,000. Transpetco answers the appeal, seeking additional attorney fees for…