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DECISIONS n BUSINESS LAW there is no distinct commercial business entity called a “joint enterprise,” the Michigan Supreme Court ruled on April 8, reversing the state Court of Appeals’ recognition of such an entity. First Public Corp. v. Parfet, No. 119204. Plaintiff First Public Corp. and its principal, Lou Beer, filed suit alleging various breaches of fiduciary duty by Caledonia Group and other defendants. The trial court found that First Public and Caledonia were either a partnership or a joint venture. But, based on a memo produced by Beer, the relationship had ended. Affirming, the Court of Appeals proposed recognizing a new commercial business entity called a “joint enterprise,” that was terminated by the Beer memo. While it upheld the trial court’s disposition, the high court vacated that portion of the appeals court ruling that discussed “joint enterprise.” It noted that the appeals court had relied on a noncommercial workers’ compensation case, and added that Michigan case law has never recognized joint enterprises for commercial entities.

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