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STALTER v. 700 SOUTH PETERS ST. PARTNERSHIP

No. 98-CA-1818.

731 So.2d 331 (1999)

Brewster G. STALTER II v. 700 SOUTH PETERS STREET PARTNERSHIP.

Court of Appeal of Louisiana, Fourth Circuit.

February 3, 1999.

Attorney(s) appearing for the Case

Gordon P. Serou, Jr., Sutterfield Webb & Smith, LLC, New Orleans, LA, for plaintiff-appellant.

J. David Forsyth, Michael A. Berenson, Sessions & Fishman, L.L.P., New Orleans, LA, for defendant-appellee.

Court composed of Judge STEVEN R. PLOTKIN, Judge CHARLES R. JONES and Judge Pro Tempore PHILIP C. CIACCO.

PHILIP C. CIACCIO, Judge Pro Tem.

BACKGROUND

Plaintiff-appellant Brewster G. Stalter II owned two limited partnership "units," a type of property interest, in 700 South Peters Limited Partnership. ("Partnership.") Stalter filed for bankruptcy, under the federal bankruptcy code, in 1989.

The Partnership first began turning a profit in 1995; the first distributions of money were made in 1996. At that time, the Partnership refused to distribute any...

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