Firm Partner's Death Should've Forced Liquidation: Pa. Court

Law360, Philadelphia (August 19, 2013, 6:31 PM EDT) -- A Pennsylvania appeals court ruled Wednesday that the death of one of the two partners in a personal injury firm should have constituted a liquidating event under the pair's partnership agreement that would force the office to wrap up affairs and divvy up any leftover revenue.

A three-judge Superior Court panel ruled in favor of the widow of Gary Martz — a partner in the Berks County firm Martz & Gailey LLP — upholding a trial court decision that determined the firm had erred by treating...
To view the full article, register now.