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

Business Valuation UpdateVol. 10 No. 3
Legal and Court Case Update
March 2004
6531 Real Estate Agents and Managers
531312 Nonresidential Property Managers
judicial dissolution

Everest Investors 8 v. McNeil Partners
2003 Cal. App. LEXIS 1862
December 16, 2003
State Court
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)


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

See Also

Everest Investors 8 v. McNeil Partners

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.