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I.M.A., INC. v. ROCKY MOUNTAIN AIRWAYS, INC.

No. 83SC260.

713 P.2d 882 (1986)

I.M.A., INC., a Colorado corporation, Petitioner, v. ROCKY MOUNTAIN AIRWAYS, INC., a California corporation, Respondent.

Supreme Court of Colorado, En Banc.

Rehearing Denied January 31, 1986.

Attorney(s) appearing for the Case

Kelly, Haglund, Garnsey & Kahn, Edwin S. Kahn, Norman D. Haglund, Denver, for petitioner.

Shoemaker, Wham & Krisor, Robert S. Wham, Denver, for respondent.

LOHR, Justice.

I.M.A., Inc. (I.M.A.) brought suit in Denver District Court against Rocky Mountain Airways, Inc. (Rocky Mountain) alleging that Rocky Mountain had breached a contract between the two parties. I.M.A. asserted that the alleged contract obligated Rocky Mountain to purchase all of the outstanding stock of I.M.A. and, as part of the purchase price, to assume I.M.A.'s liabilities. A jury returned a general verdict for I.M.A. and awarded $300,000 damages....

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