PARTNERSHIP DOES NOT INSULATE GP FROM ALLEGATIONS OF BAD FAITH
Gelfman v. Weeden Investors
A general partner that shifted control of a broker-dealer partnership from outside investors to insider employees may have acted in bad faith and its directors would then not be insulated by the broad powers provided in the partnership agreement,...
PARTNERSHIP DOES NOT INSULATE GP FROM ALLEGATIONS OF BAD FAITH
Gelfman v. Weeden Investors