P.P.R., L.P., H.K. Robertson and Associates, Inc., Briarwood One Office Center, LLC, Colonial Mart Retail, LLC, David C. Robertson, Triad Business Centers, Inc. and Mid-South Realty Service, Inc. v. Bryan K. Robertson

CourtCourt of Appeals of Mississippi
DecidedMarch 10, 2026
Docket2024-CA-00373-COA
StatusPublished

This text of P.P.R., L.P., H.K. Robertson and Associates, Inc., Briarwood One Office Center, LLC, Colonial Mart Retail, LLC, David C. Robertson, Triad Business Centers, Inc. and Mid-South Realty Service, Inc. v. Bryan K. Robertson (P.P.R., L.P., H.K. Robertson and Associates, Inc., Briarwood One Office Center, LLC, Colonial Mart Retail, LLC, David C. Robertson, Triad Business Centers, Inc. and Mid-South Realty Service, Inc. v. Bryan K. Robertson) is published on Counsel Stack Legal Research, covering Court of Appeals of Mississippi primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
P.P.R., L.P., H.K. Robertson and Associates, Inc., Briarwood One Office Center, LLC, Colonial Mart Retail, LLC, David C. Robertson, Triad Business Centers, Inc. and Mid-South Realty Service, Inc. v. Bryan K. Robertson, (Mich. Ct. App. 2026).

Opinion

IN THE COURT OF APPEALS OF THE STATE OF MISSISSIPPI

NO. 2024-CA-00373-COA

P.P.R., L.P., H.K. ROBERTSON AND APPELLANTS/ ASSOCIATES, INC., BRIARWOOD ONE CROSS-APPELLEES OFFICE CENTER, LLC, COLONIAL MART RETAIL, LLC, DAVID C. ROBERTSON, TRIAD BUSINESS CENTERS, INC. AND MID-SOUTH REALTY SERVICE, INC.

v.

BRYAN K. ROBERTSON APPELLEE/ CROSS-APPELLANT

DATE OF JUDGMENT: 03/05/2024 TRIAL JUDGE: HON. TAMETRICE EDRICKA HODGES COURT FROM WHICH APPEALED: HINDS COUNTY CHANCERY COURT, FIRST JUDICIAL DISTRICT ATTORNEYS FOR APPELLANTS: CHADWICK MITCHELL WELCH C. MAISON HEIDELBERG MARY R. ARTHUR ATTORNEY FOR APPELLEE: STEVEN H. SMITH NATURE OF THE CASE: CIVIL - TORTS-OTHER THAN PERSONAL INJURY & PROPERTY DAMAGE DISPOSITION: ON DIRECT APPEAL: AFFIRMED IN PART; REVERSED AND REMANDED IN PART. ON CROSS-APPEAL: REVERSED AND REMANDED - 03/10/2026 MOTION FOR REHEARING FILED:

BEFORE WILSON, P.J., LAWRENCE AND McCARTY, JJ.

McCARTY, J., FOR THE COURT:

¶1. When their family business began to crumble, one brother sued the other who

managed the company. He claimed his older brother had committed fraud on him and the

company and breached his fiduciary duties. He sought title to the business assets and money damages.

¶2. After a multi-day trial, the chancellor found the managing brother liable for losses

suffered by his younger brother and the business. The chancery court ordered the business

to wind down and the younger brother to receive substantial damages and attorney’s fees.

¶3. On appeal we find sufficient evidence supported the chancery court’s finding as to

breach of fiduciary duty and affirm in part. However, because the court’s orders contain an

error regarding the percentage of the business owned by each brother and the court’s award

of attorney’s fees is not supported by the record, we reverse and remand in part.

BACKGROUND

¶4. This case stems from a dispute between two brothers, David Robertson and Bryan

Robertson, over their family business.

¶5. P.P.R., L.P is a limited partnership that was established primarily for investing in

commercial real estate. PPR was formed in 1998 by David and Bryan’s parents. Later, the

parents transferred their interest in PPR equally to their 3 children—David, Bryan, and

Michael.1

¶6. PPR has one general partner and two limited partners. H.K. Robertson and Associates,

Inc. is a separate business entity that serves as the general partner of PPR. Until 2010, David

and Bryan’s father was the president of the corporation and the general partner of PPR. But

1 In 2013, Michael made a deal to sell his interest in PPR in equal halves to David and Bryan. He is not a party to this lawsuit.

2 when their father passed away in 2010, David took over as president and became the acting

general partner of PPR. David was HKRA’s president when this dispute arose, and had been

for about 8 years. David was also a limited partner. In contrast, Bryan was solely a limited

partner.2

¶7. At the start of 2018, PPR’s portfolio consisted of four core assets: a 100% interest in

Briarwood One Office Center LLC, approximately 230 acres of real property in Rankin

County, a 34.5% membership interest in Rankin County Parkway Properties LLC, and a

44.74% interest in Colonial Mart Retail LLC.3

¶8. Briarwood One Office Center LLC was a business entity that operated a building

called the Briarwood office building. The five-story office building was located in Jackson,

off Interstate-55 at Frontage Road and Briarwood Drive and was acquired by PPR in 2006

for $7,500,000.

¶9. David also solely owned and operated several other companies, including Triad

Business Centers Inc. and Mid-South Realty Service Inc.

¶10. In December 2014, David entered into a ten-year lease agreement between Briarwood

2 The general partner has a 1% interest in PPR and the two limited partners each have a 49.5% interest in PPR. As general partner, the corporation has a 1% interest in PPR. That interest is effectively held by David as the acting general partner. As a limited partner, David also has a 49.5% interest in PPR individually. Bryan has a 49.5% interest in PPR as a limited partner. 3 Colonial Mart Retail, LLC, is a separate and distinct corporation that operated the Colonial Mart shopping center. During the course of this litigation, the shopping center building was sold and is no longer in PPR’s portfolio of assets.

3 LLC and Triad for Triad to lease space in the office building. Shortly after, in January 2015,

David entered into a lease agreement between Briarwood LLC and Mid-South for Mid-South

to also lease space in the office building. Then in July 2015, David entered into a

management agreement between Briarwood LLC and his company Mid-South, for Mid-

South to provide management services for the Briarwood building. David signed on behalf

of both entities in all three of these agreements.

¶11. Around July 2015, David caused the Briarwood office building to be refinanced. Two

years later, in October 2017, David stopped making payments on Briarwood’s refinanced

note, unbeknownst to Bryan, who had very little to do with the day-to-day operations of PPR.

¶12. As a result of nonpayment, the lender ended up suing Briarwood, and the office

building was put into a receivership. The Briarwood building was ultimately purchased from

PPR by the lender in July 2018.

¶13. As the situation with the Briarwood building began to escalate, Bryan requested

financial records from David for the PPR, Briarwood, and Colonial entities. David responded

and provided documentation. Bryan was not satisfied with the information David gave him,

however, and became increasingly frustrated with David’s stewardship of the family

partnership.

PROCEDURAL HISTORY

¶14. Bryan brought this lawsuit in April 2018, seeking an accounting and equitable relief.

In his original complaint, he alleged that “significant questions have arisen regarding the

4 financial management by Defendant David C. Robertson of P.P.R., L.P., and its related

companies.” Bryan requested the chancery court to order “a third party forensic

accounting . . . of the finances of the Defendant companies, paid for from the funds of P.P.R.,

L.P.”

¶15. And then “[f]ollowing completion of the forensic accounting requested herein, for an

order of restitution by any Defendant to P.P.R., L.P. and/or the Plaintiff for any funds found

to have been improperly transferred, conveyed, or improperly withdrawn or diverted from

partnership funds,” and “for an order removing David C. Robertson as General Partner of

P.P.R., L.P. and appointing Plaintiff as General Partner of P.P.R., L.P.”

¶16. Sometime after filing the complaint, Bryan’s attorney hired an accounting firm to

examine the documents David had produced.4 In February 2019, a certified public accountant

named Cecil Harper provided his report to Bryan. In that report, the CPA advised that “[t]he

QuickBooks files provided for PPR, Briarwood One, and Colonial Mart cover more than

thirteen years of activity with tens of thousands of transactions.”

¶17. The CPA found that “576 checks were written directly to David C. Robertson

individually . . . while 200 deposits were received from him.” In contrast, “only 36 checks

were written directly to Bryan K. Robertson while 7 deposits were received from him during

the same timeframe.”

¶18. Additionally, the CPA reported that “charges and disbursements to David C.

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P.P.R., L.P., H.K. Robertson and Associates, Inc., Briarwood One Office Center, LLC, Colonial Mart Retail, LLC, David C. Robertson, Triad Business Centers, Inc. and Mid-South Realty Service, Inc. v. Bryan K. Robertson, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ppr-lp-hk-robertson-and-associates-inc-briarwood-one-office-missctapp-2026.