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Utah Attorneys Prevail in Fraud and Breach of Fiduciary Duty Case

Salt Lake City Partner Vincent J. Velardo and Attorney Thomas J. Rollins obtained summary judgment and later were awarded court costs and attorneys’ fees on behalf of our consulting firm client in a case that involved alleged fraud and breach of fiduciary duty.

In this suit, an individual and their business entity claimed that our client committed, or aided and abetted fraud during the sale of two commercial buildings. Our client denied each of Plaintiffs’ claims, and in January 2022, the Third District Court of Salt Lake County granted our attorneys’ motion for summary judgment based on the Economic Loss Rule, the contract between our client and Plaintiffs, and the applicable statute of limitations.

Subsequently, Vince and Tom filed a motion for court costs and attorneys’ fees. The court granted our attorneys’ motion and entered a judgment in favor of our client.

Vince has extensive experience handling client matters for professional liability, employment liability, construction and environmental/toxic torts. He handles insurance coverage cases involving first-party property, third-party liability and bad faith claims, as well as contract litigation and unfair competition.

Tom focuses his practice on the defense of individuals and entities involving malpractice, construction defects and personal injuries. He has experience as second chair attorney in state and federal jury trials and presenting oral argument before the Utah State Court of Appeals.