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- Title
Passthrough Finance Techniques Corner.
- Authors
Frost, Steve; Bender, Kelley
- Abstract
The article offers the authors' insight related to implied covenant focusing on the decision of the Delaware Supreme Court on the Nationwide Emerging Managers, LLC v. NorthPointe Holdings LLC. It mentions that the firm conducted a purchasing agreement with NorthPointe Capital to sell its ownership in NorthPoint Capital and developed the Nationwide Variable Insurance Trust (NVIT). The court held that Nationwide breached the implied covenant of good faith and fair dealing with NorthPointe.
- Subjects
COVENANTS not to compete; DELAWARE. Supreme Court; NATIONWIDE Emerging Managers LLC; NORTHPOINTE Holdings LLC; PARTNERSHIP agreements; LIFE insurance trusts; FAIR use (Copyright); BREACH of contract; ACTIONS &; defenses (Law)
- Publication
Journal of Passthrough Entities, 2015, Vol 18, Issue 5, p25
- ISSN
1099-7407
- Publication type
Article