Alaska Supreme Court
Girdwood Mining Company, Appellant v. Comsult LLC and Rodger Davis, Appellees; Comsult LLC and Rodger Davis…
July 3, 2014329 P.3d 194
Summary
The court reversed summary judgment for Comsult on both grounds. It held that the securities-law provision barred suits seeking to enforce an illegal contract, but not a suit seeking to invalidate the contract and rescind compensation on the ground of illegality. It also held that Girdwood Mining's claims were not precluded because the prior action concerned separate compensation for management services rather than the stock and royalty interests arising from fundraising services.