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Indiana Supreme Court
Indiana Supreme Court Rules on Commercial Real Estate Partnership Dispute
The Indiana Supreme Court issued a decision in Andrew Nemeth Properties, LLC v. William A. Panzica, resolving a commercial real estate partnership dispute between broker Andrew Nemeth and the Panzica brothers' architecture firm. The case involved disagreements over the formation and operation of a limited liability company intended to develop commercial property for shared profits.
•Commercial real estate broker Andrew Nemeth sued the Panzica brothers over a failed LLC partnership arrangement for developing commercial property
•The parties failed to document their business agreement in writing, leading to disputes over LLC membership when their relationship deteriorated
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