Equitania Insurance Company v. Slone & Garrett, P.S.C.
191 S.W.3d 552 (2006)
Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
Two groups of shareholders, the Vimont group (P), composed of four of the shareholders, and the Pavenstedt group, composed of a group of shareholders led by Johann Pavenstedt vied for control of Equitania (P), an insurance company which provided insurance for horse owners. Laurel Garrett and the law firm of Slone & Garrett (D)represented the Vimont group (P) in its attempt to gain control. As a result of that representation, Vimont (P) filed a civil action against Garrett (D) alleging legal malpractice in connection with her representation. Ps claim that D negligently failed to properly advise them as to how to retain control of the corporation; that the methods she advised violated the insurance code; violated a fiduciary duty to shareholders; was unethical, and was substantially more expensive. The court granted D a partial summary judgment. The rest of the claim was resolved in favor of D by a jury verdict. The Court of Appeals affirmed and Ps appealed.
Issues
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Holding & Decision
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Legal Analysis
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