Legal Opinion
Legacy Resources, Inc. v. Liberty Pioneer Energy Source, Inc.
Utah Supreme Court
Decided December 20, 2013No. 20120142PublishedCited by 2 opinions
1Opinion of the Court
Justice LEE,
opinion of the Court:
¶ 1 State and federal securities laws require a broker1 of securities to register and secure a license. See Utah Code § 61-1-3; 15 U.S.C. § 78o(a)(l). Noncompliance triggers certain statutory penalties, including the one at the center of this case: Utah Code section 61-1-22(8), which provides that “[a] person who has made or engaged in the performance of any contract in violation of this chapter ... may not base a suit on the contract.”
¶ 2 Legacy Resources, Inc. (Legacy) appeals from a decision dismissing its breach of contract and trade secret claims on…
2Cases cited21 opinions
- Orvis v. JohnsonUtah Supreme Court · 2008
- Marion Energy, Inc. v. KFJ Ranch PartnershipUtah Supreme Court · 2011
- State v. LarsenUtah Supreme Court · 1993
- Webster v. SillUtah Supreme Court · 1983
- Fed. Sec. L. Rep. P 98,718 Regional Properties, Inc., Cross-Appellants v. Financial and Real Estate Consulting Company, Cross-AppelleesCourt of Appeals for the Fifth Circuit · 1982
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3Cited by2 opinions
- Pransky v. Falcon Group, IncMichigan Court of Appeals · 2015
- EdgePoint Capital Hldgs, LLC v. Apothecare Pharmacy, LLCCourt of Appeals for the First Circuit · 2021