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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...
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