RQ Law Blog

Oasis Legal Financing v. Coffman - Colorado Supreme Court

On November 17, the Colorado Supreme Court issued its ruling in Oasis Legal Financing v. Coffman. The Supreme Court unanimously held that agreements in which companies advance money to tort plaintiffs in exchange for future litigation proceeds are “loans”, which loans are subject to the Uniform Consumer Credit Code [UCCC] as adopted in Colorado. Litigation financing has grown nationwide in recent years as a way to assist people and companies...
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Court Determines Medical Payment Financing a Loan

Colorado Supreme Court takes sensible position that lawsuit lending creates debt, so it's subject to Colorado law governing debt. Unanimous decision (8-0 with J. Gabriel abstaining). Kudos to Jeff Ruebel and Casey Quillen who authored the CCJL/CDLA/PCIAA amicus brief.   You can access the full opinion here . 
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Court: An Appraisal Is Not An Arbitration

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ARBITRATION is the determination of a matter or matters of difference between contending parties, by one or more unofficial persons, chosen by the parties. Legally, an arbitration award can be confirmed as a judgment after due process and evidentiary procedures are completed and the award is filed with a court of appropriate jurisdiction. MEDIATION is the act of a third person who interferes between two contending parties with a view...
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July 2015 Case Law Updates

July 2015 Case Law Updates
COLORADO CASE LAW UPDATE Colorado Court of Appeals Ackerman v. City and County of Denver – Red Rocks is a natural condition for purposes of GIA (CA 07/16/15). While attending a concert, Plaintiffs were struck and injured by rocks that fell from a rock formation that abuts one side of the Red Rocks Park amphitheater. The trial court determined that Denver’s immunity from suit had been waived and the City...
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Supreme Court issues its opinion in S K Peightal Engineers, LTD v. Mid Valley Real Estate Solutions V, LLC

The Supreme Court issued its opinion in S K Peightal Engineers, LTD v. Mid Valley Real Estate Solutions V, LLC on February 9, 2015. In that case, a developer built several homes on the Western Slope. He then suffered financial problems, and turned the inventory over to the bank, which titled the unsold residences in a newly created artificial entity. The homes then started showing distress which was claimed to...
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1435 Hits