LLC IS NOT A VALID PARTNERSHIP-USA-SUPREME COURT

The U.S. Supreme Court has declined to review the Third Circuit Court of Appeals' decision in Historic Boardwalk Hall, LLC. The LLC was created to redevelop Atlantic City's Boardwalk Hall and pass the historic rehabilitation credits it qualified for to a corporate investor. By declining the petition for certiorari, the Supreme Court lets stand the lower court's holding that the LLC is not a valid partnership.