Cases

Two members of a purported partnership attempted to withdraw (or “dissociate”) and force the remaining partner to buy them out. The remaining partner disputed the existence of the partnership and refused to honor the dissociations. The trial court ultimately found that the dissociations were valid and ordered the remaining partner to buy out the dissociating partners, awarding a total of $25 million plus close to $2 million in fees and costs.

Representing the remaining partner on appeal, GMSR argued that the partnership had dissolved in 1994 when one of the original partners died and that there was accordingly no partnership from which anyone could withdraw. The Court of Appeal agreed and reversed the judgment.

Case Briefs

• California Court of Appeal Opinion - View Document