Holley v. Federal-American Partners

CROCKETT, Justice:

Russell Holley, owner of a one-tenth interest in the royalties from certain uranium mining- claims in Fremont County, Wyoming, sued Federal-American Partners, his lessee, seeking a favorable construction of language in their mining lease and an accounting on what is termed an “annual” method of accounting in computing “net receipts” from the mining operation, as opposed to the defendants’ contention that it should be either on a “cumulative” or on an “allocation” method. Upon a plenary trial the court found in favor of the plaintiff and entered judgment thereon. Defendants…