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Williams v. Richey

The D.C. Court of Appeals affirmed in part and reversed in part decisions of the D.C. Superior Court in protracted litigation related to the winding up of a general partnership and the distribution of the proceeds from the sale of partnership assets. Reviewing the parties' claims, the appeals court remanded for the trial court to determine the current value of the partners' capital accounts, reversed the trial court's award of attorney fees, and affirmed the trial court's ruling with respect to whether the cost of accounting should be treated as a liability of the partnership.

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Argued January 31, 2006

Before FARRELL and FISHER, Associate Judges, and PRYOR, Senior Judge.

This protracted litigation relates to the winding up of a general partnership that was formed in 1984. Its sole asset — a residential property — has been sold, and the proceeds of that sale have been placed in escrow. The issue which divides the parties is how to distribute that money, which amounted to approximately $270,000 in September of 2002. It seems likely that the entire sum will have been dissipated by attorneys’ and accountants’ fees before this litigation ends.

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