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TRANSPETCO I v. CLEARVIEW INVESTMENTS

No. 48,987-CA.

139 So.3d 49 (2014)

TRANSPETCO I JOINT VENTURE, Wallace A. Stanberry & Stanberry Oil Company, Plaintiff-Appellees v. CLEARVIEW INVESTMENTS, LTD., Defendant-Appellant.

Court of Appeal of Louisiana, Second Circuit.

May 14, 2014.

Attorney(s) appearing for the Case

Cook, Yancey, King & Galloway, Shreveport, by Bernard S. Johnson , Kristina B. Gustavson , for Appellant.

Pettiette, Armand, Dunkelman, Woodley, Byrd & Cromwell, Shreveport, by Edwin H. Byrd, III , for Appellees.

Before WILLIAMS, STEWART and MOORE, JJ.

MOORE, J.

Clearview Investments Ltd. appeals a judgment ordering it to pay Transpetco I Joint Venture, a joint venture of which Clearview was a member, $248,900 to restore Clearview's negative capital account balance with the joint venture. Clearview contends that Transpetco's accounting is wrong in that it illegally allocated 100% of its leasehold costs to Clearview's predecessor in title in 1992; using the proper allocation of 62.5%, Clearview contends it had a...

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