Genovese v. Television of Toledo, Inc.

The Mills Law Firm represented 273 limited partners in this federal class action barring the general partner's attempt to purchase for its own account the partnership's sole asset, a television station, at a sub-market price. The Mills Firm negotiated a settlement which required the open market sale of the station to the highest bidder. The resulting August 1996 sale of the station recovered over $23 million more for the partnership than the general partner's original proposed transaction, which more than tripled the net sales proceeds the class members actually received.