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What is FHS Properties v. BC Associates Appeal about?

The document is a court case summary from the United States Court of Appeals for the First Circuit. It describes a dispute between two partners, FHS Properties and BC Associates, over whether a $5.6 million settlement payment made by BC Associates to resolve a lawsuit should be characterized under their partnership agreements as a "Deficit Loan" or an indemnification obligation. The district court entered judgment as a matter of law that it was not a Deficit Loan and only entitled BC Associates to indemnifi

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