Supreme Court of Colorado
Rocky Mountain Exploration, Inc. and Rmei Bakken Joint Venture Group, Petitioners v. Davis Graham & Stubbs LLP And…
June 11, 2018420 P.3d 223
Summary
The court affirmed summary judgment for the law firm and attorney on claims arising from an oil-and-gas transaction in which the buyer acted for an undisclosed third party. It held that transaction documents gave the seller notice that the buyer had unnamed partners, defeating the contract-avoidance theory, and that the alleged conduct did not establish a sufficiently definite misrepresentation or justified reliance. It also held that controlling agreements expressly disclaimed any joint venture or fiduciary relationship between the seller and the third party.