Supreme Court of Colorado

Accident and Injury Medical Specialists, P.c. Elite Chiropractic Care, Inc. Physical Therapy, Inc. Myocare, Inc A…

June 25, 20122012 Colo. LEXIS 461

Summary

The court held that an attorney does not owe fiduciary duties supporting a tort claim to medical providers who are entitled to funds held in the attorney's COLTAF account. The attorney's fiduciary obligations arise from the attorney-client relationship and remain owed to the client, while any obligations to third parties are ethical or contractual rather than tort-based fiduciary duties. The court therefore affirmed the court of appeals' reversal of the Providers' fiduciary-duty judgment.