Springfield Hydroelectric Co. v. Copp

Appellants Springfield Hydroelectric Company, et al., appeal the superior court’s summary judgment ruling on behalf of appellees Lawrence Copp and Jonathan Downer, former employees of Vermont Power Exchange (VPX). Appellants, all owners of commercial hydroelectric facilities, allege that appellees in their individual capacities negligently administered a power purchase agreement which resulted in shared economic damages. The trial court granted appellees’ motion for summary judgment, ruling that appellants’ claims fall within the scope of the economic loss rule, prohibiting tort recovery for…