Louisiana First Circuit Applies Subsequent Purchaser Doctrine to Property Transfer Involving Closely Held LLC
The Energy Law
OCTOBER 11, 2021
The subsequent purchaser doctrine has been litigated extensively in Louisiana legacy cases involving claims for oilfield remediation. In 2009, several of the Bailey family members formed New 90, LLC to manage this and other family-owned property. The trial court agreed and dismissed all of New 90’s claims.
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