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State Courts -
Delaware - June 18 - June 21, 2004
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PAMI-LEMB I Inc. v. EMB-NHC, L.L.C., Civil Action No. 259-N,
COURT OF CHANCERY OF DELAWARE, NEW CASTLE, June 21, 2004, Decided; June 22, 2004, Revised
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Overview: In a specific performance suit, a limited liability company was found to have breached the implied covenant of good faith in various partnership agreements by knowingly presenting waterfall calculations via a counteroffer that were not accurate.
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