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KOHLMEYER & CO. v. BRAUD

Nos. 7809, 7810.

342 So.2d 1253 (1977)

KOHLMEYER & CO., in Liquidation through its Liquidators, Herman S. Kohlmeyer, Sr., et al. v. Edgar L. BRAUD et al. KOHLMEYER & CO., in Liquidation through its Liquidators, Herman S. Kohlmeyer, Sr., et al. v. Robert R. WOLF.

Court of Appeal of Louisiana, Fourth Circuit.

Rehearings Denied March 15, 1977.

Writs Refused May 6, 1977.

Attorney(s) appearing for the Case

Chaffe, McCall, Phillips, Toler & Sarpy (George A. Kimball, Jr. and James P. Farwell), New Orleans, for plaintiffs-appellants.

Reynolds, Nelson & Theriot (Charles W. Nelson, Jr.), New Orleans, for defendants-appellees, Brown, Duffy, Kremer & Odence.

Mark W. Malloy, New Orleans, for defendant-appellee, Edgar L. Braud.

Flanders & Flanders (Dudley D. Flanders), New Orleans, Breazeale, Sachse & Wilson (Victor A. Sachse), Baton Rouge, Baldwin, Haspel, Rainold, Meyer, Reso, Dussom & Little (Michael F. Little), New Orleans, for amici curiae.

Before REDMANN, STOULIG, BOUTALL, SCHOTT and BEER, JJ.

SCHOTT, Judge.

Plaintiffs, as the liquidators of a partnership, instituted these proceedings against ten general partners alleging that the partnership agreement provided in pertinent part as follows:

"The net losses of the partnership annually shall be . . . borne by the general partners in the proportions set opposite their respective names . . ."

They alleged further that the partnership suffered losses in each of the years from 1969 through 1974...

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