Rice v. Downs
Annotate this CaseWilliam E. Rice and others filed suit against Attorney Gary P. Downs for legal malpractice, breach of fiduciary duty, and breach of a written agreement Downs drafted to govern a limited liability corporation he formed with Rice and others. Both parties appealed after arbitration. The court concluded that Rice’s malpractice, breach of fiduciary duty, and rescission claims do not arise out of the operating agreements. Accordingly, the court reversed with respect to the court’s order compelling arbitration of Rice’s legal malpractice, breach of fiduciary duty, and rescission causes of action and otherwise affirmed the judgment.
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