South Florida Arbitration & Litigation Lawyer Blog
Limited Partnership Breach of Contract, Breach of Fiduciary Duty, Mismanagement and Misrepresentation Commercial and Business State and Federal Court Litigation Attorney:
A Limited Partnership is an organization made up of a General Partner, who manages the entity, and limited partners, who invest money but have limited liability, are who are not involved in the day-to-day management and operation of the venture. With certain exceptions, limited partners usually cannot lose more than their invested capital. Limited partnerships are engaged in business ventures such as real estate, oil and gas and equipment leasing.
Public limited partnerships are sold through brokerage firms by the use of written offering documents. Private limited partnerships can be offered through various means. Regardless, each offering method must comply with federal and state securities laws.
There are a number of claims that can be made by investors who feel that they were fraudulently induced into investing. These claims are based upon violations of the anti-fraud provision of federal or state securities laws or common law claims such as fraud-in-the-inducement.
Claims that might arise after the investment has been made may be based upon breach of the terms of the limited partnership agreement, mismanagement or violation of state laws relating to the operation and management of the limited partnership.
Please keep in mind that this post is being provided for educational purposes only. It is not designed to be complete in all material respects. Thus, it should not be relied upon for legal or investment advice. If you have any questions concerning the contents of this post, the reader should consult with a qualified professional.
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At the Fort Lauderdale Law Office of Russell L. Forkey, we represent clients throughout South and Central Florida, including Fort Lauderdale, West Palm Beach, Boca Raton, Sunrise, Plantation, Coral Springs, Deerfield Beach, Pompano Beach, Delray, Boynton Beach, Hollywood, Lake Worth, Royal Palm Beach, Manalapan, Jupiter, Gulf Stream, Wellington, Fort Pierce, Stuart, Palm City, Jupiter, Miami, Orlando, Maitland, Winter Park, Altamonte Springs, Lake Mary, Heathrow, Melbourne, Palm Bay, Cocoa Beach, Vero Beach, Daytona Beach, Deland, New Smyrna Beach, Ormand Beach, Broward County, Palm Beach County, Dade County, Orange County, Seminole County, Martin County, Brevard County, Indian River County, Volusia County and Monroe County, Florida. The law office of Russell L. Forkey also represents South American, Canadian and other foreign residents that do business with U.S. financial institutions, investment advisors, brokerage and precious metal firms.