LCL, LLC v. FalenAnnotate this Case
The Supreme Court held that summary judgment was improperly granted to a title company on negligence and breach of fiduciary duty claims that arose out of the company’s omission of a reserved mineral interest in a deed and its handling of a later conveyance.
In granting summary judgment, the district court determined that the relevant statute of limitations barred the claims. A court of appeals panel reversed. The Supreme Court affirmed, holding (1) as to the negligence claim, a genuine issue of material fact existed as to when the cause of action accrued, and the case must therefore be remanded for further proceedings; and (2) the breach of fiduciary duty claim was not excusable from further litigation because of the statute of limitations, as the claim was brought well within the allowable period.