Limited Partnership; Illegal Distributions; Emergency Injunction
The Firm represented a group of limited partners in a business venture in which the general partner was distributing income to himself as the general partner and to its individual owners without providing appropriate documentation as required by the Limited Partnership Agreement and the Management Agreement. After a contested court hearing, the Firm obtained an emergency injunction from the Court, requiring the general partner to provide all necessary documentation to determine if the distributions were appropriate and preventing the general partner from making any distributions until they were determined to be in accordance with the specific terms of the Agreements.
