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State court of last resort · ST-VA-SC
Jennings v. Kay Jennings Ltd. Partnership
No. 070498Supreme Court of Virginia
070498 Jennings v. Kay Jennings Ltd. Partnership 04/18/2008 In a derivative suit brought by a limited partner of a family limited partnership, the trial court correctly ruled that the plaintiff lacked standing…
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070498 Jennings v. Kay Jennings Ltd. Partnership 04/18/2008 In a derivative suit brought by a limited partner of a family limited…
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- Supreme Court of Virginia
- First added here
- October 4, 2026
- Last entry
- April 18, 2008
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070498 Jennings v. Kay Jennings Ltd. Partnership 04/18/2008 In a derivative suit brought by a limited partner of a family limited partnership, the trial court correctly ruled that the plaintiff lacked standing to bring the action under Code § 50-73.62. His economic interests as landlord and lessee of certain real property managed by the partnership were in direct conflict with the partnership's interests, and under the circumstances he could not fairly and adequately represent the interests of the other partners and the partnership. The trial court's judgment is affirmed and the case is remanded for an award of attorney's fees incurred on appeal pursuant to Code § 50-73.65.
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AffirmedRemanded
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070498 Jennings v. Kay Jennings Ltd. Partnership 04/18/2008 In a derivative suit brought by a limited partner of a family limited partnership, the trial court correctly ruled that the plaintiff lacked standing to bring the action under Code § 50-73.62. His economic interests as landlord and lessee of certain real property managed by the partnership were in direct conflict with the partnership's interests, and under the circumstances he could not fairly and adequately represent the interests of the other partners and the partnership. The trial court's judgment is affirmed and the case is remanded for an award of attorney's fees incurred on appeal pursuant to Code § 50-73.65.
Outcome words in this text: affirmed, remanded.
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