Everest Investors 8 v. McNeil Partners

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December 16, 2003

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6531 Real Estate Agents and Managers
531312 Nonresidential Property Managers
judicial dissolution
Everest Investors 8 v. McNeil Partners
2003 Cal. App. LEXIS 1862
US
State Court
California
Court of Appeals
PaineWebber, Inc. (oversaw bidding process) <br> Eastdil Realty Company (special committee) <br> Robert A. Stanger & Co. (limited partners) <br> Houlihan Lokey Howard & Zukin Capital (general partner) <br> CFC Capital Corp. (class action plaintiffs)
Mallano

Summary

The sale of assets given to McNeil Partners after the merger of limited partner's assets for higher value found to be a direct injury to limited partners, summary judgement thus barred.

See Also

Valuation of Multiple Real Estate Limited Partnerships as Group for Merger Purposes Results in Potential Claim by Partners

Legal and Court Case Update
March 2004

Plaintiffs were five California limited liability companies that held limited partnership interests in 14 public real estate limited partnerships (the McNeil Partnerships).