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Home / News Stories / Limited partner can’t file derivative suit for p’ship (access required)

Limited partner can’t file derivative suit for p’ship (access required)

A family dispute over a Toyota dealership in Northern Virginia has produced the first appellate ruling in the state over the standing of a limited partner to file a derivative action on behalf of the partnership. The Supreme Court of Virginia ruled on April 18 that the limited partner lacked standing to bring the suit largely ...