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Larsen, Christensen & Rico, PLLC.
170 So. Main Street, Suite 1150, Salt Lake City, Utah 84101
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Larsen & Rico is an experienced business litigation firm in Salt Lake City that provides effective courtroom representation to clients throughout Utah.

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Larsen & Rico

Utah Business Magazine recently recognized Mark A. Larsen and Lisa C. Rico for their place among Utah’s Legal Elite, especially in the areas of commercial and business litigation. Utah Legal Elite is a statewide, Utah-only listing of top lawyers chosen solely by peer ballot within the Utah legal profession.

Mark A. Larsen was selected as Super Lawyers in the Mountain States Super Lawyers publication. Based upon published selection criteria, only 5 percent of the total lawyers in the state are selected for inclusion in Super Lawyers.

Lisa C. Rico was selected as a Rising Star in the Mountain States Super Lawyers Publication. Based upon published selection criteria, only 2 1/2 percent of the total lawyers in the state are selected as Super Lawyers Rising Stars. Rising Stars are lawyers under the age of 40 with less than 10 years of experience. Ms. Rico has also been selected as one of Utah’s Legal Elite in civil litigation.

Mark A. Larsen and Lisa C. Rico are AV® rated by Martindale-Hubbell®.

Mark A. Larsen

Mr. Larsen is a veteran trial lawyer with more than 34 years of experience, trying dozens of complex cases, including securing a $20.7 million jury verdict and judgment in favor of a developer and against Tooele City, Utah. In April 2008, for the very first time in Utah, he convinced a Third Judicial District Court judge to apply the economic loss rule to dismiss a fraud claim against his client in a multimillion-dollar dispute with Tooele City.

In addition to his accomplishments in Utah courts, Mr. Larsen has been admitted to practice pro hac vice as lead counsel in commercial litigation cases in California, Idaho, Texas, Arizona, Colorado, Minnesota, and New York.

After a three-day trial, Judge John J. Walton in the Fifth Judicial District Court in Cedar City (Iron County, Utah) entered a final judgment in excess of $475,000 against William and Nadine Kealamakia in favor of the plaintiff. Judge Walton found that the couple breached fiduciary duties owed to plaintiff Kealamakia, Inc. by withdrawing corporate funds from the company’s account with Southern Utah Federal Credit Union and placing the funds into their own account. William and Nadine Kealamakia were officers and directors of Kealamakia, a small business they owned with William’s brothers and sisters, when those unlawful transfers were made. As part of his final judgment, Judge Walton awarded punitive damages and attorney fees against the couple.

Over the last decade, he has settled numerous disputes in closely held companies, for seven- or eight-digit numbers. In 2005, Mr. Larsen tried several cases, including a two-week arbitration pertaining to the oppression of a 50 percent owner of a manufacturing company. In 2006, the U.S. District Court confirmed that arbitration award. (Later, the district court required the posting of almost a $1 million supersedes bond). The case was settled on appeal.

In 2003, Mr. Larsen spent 18 percent of his time in a courtroom, either in trial, in evidentiary hearings or in appellate court oral argument. In 1997, Mr. Larsen tried eight cases in Utah and Nevada, three of which lasted more than two weeks. At another time in his career, Mr. Larsen defended a client against a multibillion-dollar claim in which the final pretrial conference lasted 31 days. In a different case, Mr. Larsen handled an evidentiary hearing for a preliminary injunction that lasted for more than 34 days.

His cases often involve complex accounting or engineering issues. He focuses on complex commercial, financial fraud and construction matters, construction industry professional malpractice, and products liability defense. Historically, he has represented lawyers who are named parties in commercial litigation. He has spent considerable time recently litigating shareholder disputes in closely held corporations. He is often involved in litigation in which a client’s financial future is dependent upon the outcome of the case.

His clients include local, national and international companies and insurance carriers. He often attracts troubled cases from clients who are dissatisfied with their former representation. He has taken over numerous complex cases as lead trial counsel in the middle of discovery, after discovery has closed, after the trial is underway and after the trial is complete for purpose of appeal.

More recently, Mr. Larsen attracted manufacturers of high-end audio components. In 2013, Mr. Larsen obtained a permanent injunction for Bel Canto Design, plus an attorney fee award of more than $150,000 for Lanham Act violations.


  • B.S. from the University of Utah in Accounting (1976)
  • J.D. from State University of New York at Buffalo (cum laude 1979)
    • Member of the Buffalo Law Review (1977–78)
    • Note and Comment Editor, Buffalo Law Review (1979)


  • Salt Lake County and Utah State bar associations
  • Defense Research Institute
  • National Auto Sport Association

Published and Unpublished Opinions:

  • Bradshaw v. Harker, 2006 WL 538201 (D. Utah 2006) (Federal District Court confirmation of complex arbitration award)
  • Chen v. Stewart, — P.3d —, 2005 WL 2680021 (Utah 2005)(plaintiff failed to establish necessary foundation for the admissibility of a wiretapped, taped conversation in a criminal contempt hearing)
  • Chen v. Stewart, 100 P.3d 1177 (Utah 2004)(unsuccessful appeal of a case Mr. Larsen took over in the middle of a civil and criminal contempt hearing, although the opinion does not indicate when he first appeared in the case)
  • Estate of Dorothy Berkemeir, by and Through its Executor, Karen Nielsen v. Hartford Insurance Company of the Midwest, 67 P.3d 1012 (Utah App.2003), aff’d, 106 P.3d 700(Utah 2004)(interpretation of insurance contract underinsured motorist provisions)
  • Stewart v. Hennesey, 214 F. Supp. 2d 1198 (D. Utah 2002)(jurisdiction over internet purchase of upgrades to Dodge Viper)
  • Jones v. RLK Enterprises, 2001 WL 587140 (Utah App. 2001)(appeal of complex commercial litigation case Mr. Larsen took over after the fourth day of trial; second PowerPoint presentation ever in a Utah appellate court)
  • Worthen v. Walter, 2001 WL 422940, 2001 UT App 134 (Utah App. 2001)(statute of limitations in frivolous securities fraud claim; first ever PowerPoint presentation in a Utah appellate court)
  • Mackay v.7-Eleven Sales Corp., 995 P.2d 1233(Utah 2000)(liability of convenience store for sale of liquor to minors, when subsequently consumed by their friends who injured plaintiff)
  • Utah Dept. of Transportation v. 6200 South Associates, 872 P.2d 462(Utah App. 1994)(evidentiary rulings in condemnation case)
  • A.I. Transport, Div. of Ins. Co. of State of Pa. v. Imperial Premium Finance, Inc., 862 F.Supp. 345 (D. Utah 1994) (duty of good faith and fair dealing)
  • Wade v. Burke, 800 P.2d 1106 (Utah App. 1990)(discovery sanction of approximately $250,000 upheld on appeal)
  • Scheller v. Dixie Six Corp., 753 P.2d 971 (Utah App.1988)(development contract interpretation)
  • Frontier Federal Sav. and Loan Ass’n v. National Hotel Corp., David B. Williams, et al., 675 F. Supp. 1293(D.Utah1987)(jurisdiction in civil fraud case; David B. Williams was later indicted, failed to appear at sentencing and was captured 14 years later; in October 2002, he was sentenced to 18 years in federal prison)
  • John Price Associates, Inc. v. Warner Elec., Inc., 723 F.2d 755 (10thCir. 1983)(promissory estoppel prevented subcontractor from withdrawing its bid because of alleged ambiguity in project plans and specifications)

Lisa C. Rico
Ms. Rico has tried several cases as lead counsel, served as second chair on numerous trials and arbitrations, and prepared or assisted in the preparation of several appellate briefs. As second chair, Ms. Rico is primarily responsible for directing and preparing complex discovery and motion practice.

Because of her business background, Ms. Rico focuses her practice primarily on shareholder disputes in closely held companies, such as Utah businesses and foreign corporations, limited liability companies, and limited and general partnerships. The disputes are frequently factually intense and involve complex legal issues, including direct and derivative claims. Typical direct claims include breach of contract, breach of the duty of good faith and fair dealing, interference with current and prospective economic relationships, fraud, negligent misrepresentation and claims for dissolution at the director and shareholder level, sales or transfers of substantial assets, and damages. Typical derivative claims include breaches of fiduciary duty involving conflicts of interest, usurpation of corporate opportunities, misappropriation and gross negligence. Oftentimes these shareholder disputes also involve professional malpractice and choice of law issues.

Ms. Rico also litigates construction cases, representing developers, engineers, general contractors, subcontractors, commercial owners, homeowners, commercial landlords and commercial tenants. In addition to construction litigation, Ms. Rico also litigates a significant number of cases involving contract disputes over real estate and water rights.


  • B.A. from the University of Utah in Management & Finance (1997)
    • Management emphasis in human resources
    • Finance emphasis in real estate
    • National Business Honor Societies
  • J.D. from the University of Utah (2000)
    • Leary Scholar Award
    • Teaching Assistant, Contracts


  • Salt Lake County and Utah State bar associations
  • Defense Research Institute

Published and Unpublished Opinions:

  • Estate of Dorothy Berkemeir, by and Through its Executor, Karen Nielsen v. Hartford Insurance Company of the Midwest, ___ P.3d ___, 2003 WL 1343208 (Utah App. 2003)(interpretation of insurance contract under insured motorist provisions)
  • Jones v. RLK Enterprises, 2001 WL 587140 (Utah App. 2001)(appeal of complex commercial litigation case taken over after the fourth day of trial; second PowerPoint presentation ever in a Utah appellate court)

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