Gust, Rosenfeld & Henderson v. Prudential Insurance Co. of America

OPINION

MOELLER, Vice Chief Justice.

STATEMENT OF THE CASE

This is a breach of contract action arising out of a written lease for space in the building formerly known as the Valley Bank Center in Phoenix. Plaintiff law firm Gust, Rosenfeld & Henderson (“Gust”) entered into the lease with Valley Bank Building, Inc., a wholly owned subsidiary of Valley National Bank (VNB). Gust filed this action against VNB’s successor, Prudential Insurance Company.

The primary issue on appeal is whether the statute of limitations bars Gust’s claim. The trial court applied the “discovery rule” and concluded that…