Louisiana First Circuit Applies Subsequent Purchaser Doctrine to Property Transfer Involving Closely Held LLC
The Energy Law
OCTOBER 11, 2021
In 2009, several of the Bailey family members formed New 90, LLC to manage this and other family-owned property. The defendants moved for summary judgment against New 90, claiming it was barred under the subsequent purchaser doctrine from suing for alleged damage to the property that occurred before New 90 acquired it in 2009.
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