Stephen Boesch v. Jay R. Holeman
Case Details
- Judge(s)
- Judge D. Michael Swiney
- Status
- Published
- Procedural Posture
- appeal
Related Laws
No specific laws identified for this ruling.
Excerpt
This appeal concerns a disassociated partner's buyout. Stephen Boesch ("Boesch"), Jay Holeman ("Holeman"), and Richard Fraser ("Fraser") formed a partnership to start a flavored-moonshine and whiskey business, Tennessee Legend. Boesch contributed technical know-how and labor. Early on, Boesch was disassociated from the partnership. Boesch sued Holeman and Fraser ("Defendants," collectively) in the Chancery Court for Sevier County ("the Trial Court") alleging, among other things, misappropriation of trade secrets. Later, Crystal Falls Spirits, LLC, an entity created by Holeman, intervened to sue Boesch. At trial, the parties put on competing proof as to the value of Boesch's interest. Ultimately, the Trial Court adopted Defendants' value and rejected Boesch's trade secrets claim. Boesch appeals. Because the experts failed to contend with Tenn. Code Ann. § 61- 1-701, which governs the determination of a disassociated partner's buyout price when a partnership is not dissolved, we reverse and remand for a new determination in keeping with the statute's requirements. Otherwise, we affirm the Trial Court's judgment. We, therefore, affirm in part, and reverse, in part, and remand for further proceedings consistent with this Opinion.
What This Ruling Means
This summary was generated to explain the ruling in plain English and is not legal advice.
Similar Rulings
Plaintiff brought claims against Knox County and the County Clerk based on allegedly discriminatory employment practices. The trial court determined that Plaintiff committed serious discovery violations and imposed as a sanction the exclusion of certain evidence. With this evidence excluded, the trial court granted summary judgment to the Defendants. Plaintiff appeals, challenging the discovery sanction, the trial court's conclusion under the Tennessee Human Rights Act that the continuing violation doctrine did not apply, the trial court's conclusion that the Clerk was not individually liable, and the award of attorney's fees against the Plaintiff and her attorney. We affirm.
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