XeDAR v. Rakestraw

Filing 53

ORDER denying 38 Defendant Rakestraws Motion for Summary Judgment; denying 39 Plaintiff XeDARs Motion for Summary Judgment, by Judge Christine M. Arguello on 8/16/2013.(ervsl, )

IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF COLORADO
Judge Christine M. Arguello
Civil Action No. 12-cv-01907-CMA-BNB
XEDAR CORPORATION,
Plaintiff,
v.
DON RAKESTRAW,
Defendant.

ORDER DENYING THE PARTIES’ CROSS-MOTIONS FOR SUMMARY JUDGMENT

This matter is before the Court on the Motion for Summary Judgment filed by
Defendant Rakestraw (Doc. # 38) and the Motion for Summary Judgment filed by
Plaintiff XeDAR Corporation (“XeDAR”) (Doc. # 39.) XeDAR filed a complaint seeking
declaratory and injunctive relief. (Doc. ## 1-3.) Rakestraw asserted five counterclaims:
(1) common law fraud, (2) common law negligent misrepresentation, (3) violations of
section 10(b) and Rule 10b-5 of the Securities Exchange Act, (4) violations of the
Colorado Securities Act, and (5) breach of fiduciary duty.
Rakestraw seeks summary judgment granting his five counterclaims and denying
XeDAR’s breach of contract claim. Rakestraw filed this motion on April 15, 2013 (Doc.
# 38), XeDAR responded on May 9, 2013 (Doc. # 42), and Rakestraw replied on May
28, 2013 (Doc. # 45). XeDAR likewise filed a motion for summary judgment on
Rakestraw’s claims on April 15, 2013 (Doc. # 39), to which Rakestraw responded on
May 6, 2013 (Doc. # 41), and XeDAR replied on May 23, 2013 (Doc. # 44). Jurisdiction

is proper under 28 U.S.C. ' 1331 (federal question jurisdiction) and 28 U.S.C. ' 1367(a)
(supplemental jurisdiction over state-law claims).
Upon review of the parties’ briefing and the more than 1,000 pages of evidence
referenced therein, the Court determines that genuine issues of material fact preclude
the Court from granting either summary judgment motion.
Accordingly the Court ORDERS that Defendant Rakestraw’s Motion for Summary
Judgment (Doc. # 38) and Plaintiff XeDAR’s Motion for Summary Judgment (Doc. # 39)
are DENIED.
DATED: August

16 , 2013
BY THE COURT:

_______________________________
CHRISTINE M. ARGUELLO
United States District Judge

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