Pa. Appeals Court Revives Medical Practice Ownership Fight

Law360, New York (December 7, 2017, 4:27 PM EST) -- In a decision interpreting the state statute governing limited liability companies, a Pennsylvania appeals court issued a published opinion Thursday finding that the majority owners of a defunct ophthalmology practice owed a duty to minority owners as they pursued a deal to sell the business.

A three-judge Superior Court panel ruled that majority owners of Retina Diagnostic & Treatment Associates LLC who allegedly voted to liquidate the practice and sell its assets to their own competing business for less than fair market value could be found...
To view the full article, register now.