Legal Question in Business Law in Texas

Re: non payment of partner shares

Please call me at 214-520-0000. Thanks, Mark Siegel

Re: non payment of partner shares

You do not give enough facts to evaluate your question adequately. It is possible that there has been a breach of fiduciary duty or misappropriation. Because it appears that there is enough involved, you should be able to get an attorney to review your facts without charge to determine if your claim can be pursued on a as a contingent fee case. You need to do something immediately.

Charles G. White

http://www.cwhitelaw.com

[email protected]

Re: non payment of partner shares

If you were only a limited partner, all you can get is the prorata portion of whatever profits there were when the limited partnership dissolved. If you were a general partner, and there was a clear breach of fiduciary duty, then you might be able to get punitive damages.

You'd almost need a written agreement to have a good chance at recovery. If it was just a handshake deal, the nature of the agreement would have to be proven up by collateral means, if at all possible.

Whether it would be handled on a purely contingent basis depends upon what you have to prove your case, and what the nature and assets are of the bad actor.

You will need to go over what records you have before you sit down with counsel to examine your situation.