Triple 7 Commodities, Inc. v. High Country Mining, Inc. (Signed Opinion)
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The Supreme Court affirmed the order of the circuit court appointing a special commissioner to execute a reformation deed consummating the parties' confidential settlement agreement and mutual release (the agreement) and dismissing the action, holding that the circuit court did not err.
In dismissing this action, the circuit court found (1) Defendants' failure timely to release the notice of lis pendens in connection with the action, as required under the agreement, did not constitute a material "first breach" of the agreement; (2) Defendants did not waive their right to enforcement of the agreement's terms; and (3) the agreement and its extensions were neither procedurally nor substantively unconscionable. The Supreme Court affirmed, holding that the circuit court did not err in (1) enforcing the agreement and its extensions by appointing the special commissioner to execute a reformation deed under the agreement's terms; and (2) dismissing the action in its entirety.
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