Clancy Systems International, Inc. v. Salazar

Clancy Systems International sought review of the court of appeals’ unpublished opinion reversing the district court’s summary judgment against Salazar. The district court ruled that Salazar’s common law tort claims, for losses caused by Clancy’s insistence upon placing a restrictive legend on a stock certificate issued to Salazar, had been displaced by provisions of Colorado’s Uniform Commercial Code. The court of appeals disagreed, holding that even if the code provides specific relief for Salazar’s loss, it does not also preempt his common law claims.

Because section 4-8-401(b) of the…