Taylor v. Riley

SECOND AMENDED OPINION

THE COURT’S PRIOR OPINION DATED AUGUST 25, 2014 IS HEREBY AMENDED.

EISMANN, Justice.

This is a permissive appeal out of Ada County from an order denying the appellants’ motions for summary judgment. The central issue is whether an attorney who, as counsel for a corporation, issues an opinion letter stating that a stock redemption agreement does not violate the law can be held liable to the shareholder whose stock was redeemed if the opinion was incorrect and the redemption agreement was later declared void as violating state law. We hold that the claim against appellant…