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Court Of Chancery Explains What Are Direct Claims For An LP

Posted In LP Agreements

Sehoy Energy LP v. Haven Real Estate Group LLC, C.A. 12387-VCG (April 17, 2017)

It matters whether a claim may be characterized as a direct claim belonging to the owners of an entity or as a derivative claim that may only be brought in the name of the entity. This decision explains which is which in the context of a limited partnership.

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