Trial News
Verdicts & Settlements: Intentional Torts
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Log inDefault on promissory note
February 13, 2025Stevens & Soldwisch Oil and Gas Properties, LLC, executed a promissory note with a principal amount of $515,000 plus interest and delivered it to Pete McClintock. Frank Stevens also executed a member guaranty, under which he was to personally guarantee payment on the note. Stevens & Soldwisch paid only $29,400 on the loan.
McClintock sued Stevens & Soldwisch and Stevens, alleging claims for default, reformation, and personal guaranty.
The court awarded $485,000, plus interest.
Citation: McClintock v. Stevens & Soldwisch Oil & Gas Props. I, LLC, No. 2022CV31359 (Colo. Dist. Ct. Arapahoe Cnty. June 13, 2024).
Plaintiff counsel: James F. Scherer, Littleton, Colo.
