24CA1624 Robinson v Sharma 11-20-2025
COLORADO COURT OF APPEALS
Court of Appeals No. 24CA1624 Pueblo County District Court No. 21CV30017 Honorable Gregory J. Styduhar, Judge
Mickel Robinson,
Plaintiff-Appellant,
v.
Steve Sharma and Pueblo-Tomic-Sharma Family Limited Partnership n/k/a P- T-S Family Limited Partnership, a limited partnership,
Defendants-Appellees.
JUDGMENT AFFIRMED
Division VI Opinion by JUDGE WELLING Sullivan and Bernard*, JJ., concur
NOT PUBLISHED PURSUANT TO C.A.R. 35(e) Announced November 20, 2025
Montgomery Little & Soran, P.C., Nathan G. Osborn, Alyson S. Evett, James Taravella, Greenwood Village, Colorado, for Plaintiff-Appellant
Gordon Rees Scully Mansukhani LLP, John R. Mann, Tamara A. Seelman, Denver, Colorado, for Defendants-Appellees
*Sitting by assignment of the Chief Justice under provisions of Colo. Const. art. VI, § 5(3), and § 24-51-1105, C.R.S. 2025. ¶1 Plaintiff, Mickel Robinson (Ms. Robinson), appeals the trial
court’s judgment in favor of defendants, Steve Sharma
(Mr. Sharma)1 and Pueblo-Tomic-Sharma Family Limited
Partnership a/k/a P-T-S Family Limited Partnership, a limited
partnership (the Partnership). We affirm.
I. Background
¶2 The Partnership is a family business. Mahendra Sharma
(father) and Sylvia Sharma (mother) (collectively, the parents)
established the Partnership pursuant to a partnership agreement
executed on January 11, 1993 (Original Partnership Agreement).
The purpose of the Partnership was the acquisition of an apartment
complex in Pueblo, Colorado, which was the Partnership’s sole
asset. The Original Partnership Agreement established the general
partners as the parents and the limited partners as their six
children, including Ms. Robinson and Mr. Sharma.
1 Because this is an intra-family dispute, there are multiple
participants with the last name Sharma. For clarity, we will refer to defendant Steve Sharma as “Mr. Sharma” and to other members of the family with the last name Sharma either by their full name or, in the case of Mahendra Sharma and Sylvia Sharma, as father and mother, respectively. We mean no disrespect in doing so.
1 ¶3 This case involves disputes between and among the partners
and Partnership concerning the management and winding up of the
Partnership, including the distribution of the Partnership assets,
following the sale of the Partnership’s sole asset in April 2017.
¶4 Several provisions of the Original Partnership Agreement are
central to this dispute. Section 6.3 of the Original Partnership
Agreement outlines the original capital contributions and the
ownership percentages of each family member:
The [g]eneral [p]artners shall jointly contribute $52.00 to the capital of the Partnership. Each of the [l]imited [p]artners, or the [g]eneral [p]artners acting on their behalf, shall contribute $8.00 to the capital of the Partnership. In exchange for such capital contributions, the [g]eneral [p]artners, as husband and wife, shall jointly receive 52 units of interest in the Partnership, and the [l]imited [p]artners shall each receive eight (8) units of interest in the Partnership.
¶5 Section 12.7 of the Original Partnership Agreement, which is
titled “Initiation of Legal Action,” outlines the consequences should
any limited partner initiate legal action against the Partnership or
any of its general partners. Section 12.7 provides as follows:
If any one or more of the [l]imited [p]artners shall initiate any legal action of any kind against the Partnership, either of the [g]eneral
2 [p]artners, or any combination thereof, the [g]eneral [p]artners shall have a right to acquire all units of interest in the Partnership held by any such [l]imited [p]artners, for the consideration specified in subparagraph (v) of Section 12.2 of this Agreement, at any time within four years from and after the commencement of any such action.
¶6 Section 12.2(v), in turn, sets forth the formula for a general
partner’s acquisition of a limited partner’s interest, should the
general partner invoke the buyout provision described in section
12.7:
Such [l]imited [p]artners shall give to the [g]eneral [p]artners a first right of refusal to acquire all such units, for the amount of the capital contribution originally made to the Partnership on behalf of such [l]imited [p]artner, as specified in Section 6.3 of this Agreement, plus interest thereon at the rate of ten percent (10%) per annum from and after January 1, 1993; exercisable at any time within sixty (60) days of provision of all necessary documents to the [g]eneral [p]artners, exercisable jointly on a pro-rata basis or separately by either as to all such Units.
¶7 Read together, the above sections of the Original Partnership
Agreement provide that the general partners shared a 52% interest
in the Partnership while each of the limited partners owned an 8%
interest in the Partnership. Further, sections 12.7 and 12.2(v)
3 provide that if any of the limited partners were to bring a suit
against a general partner or the Partnership, the general partner
has a right to buy out that limited partner’s interests in the
Partnership for the amount of that limited partner’s original capital
contribution, plus interest. With these provisions in mind, we turn
to the events leading up to this litigation.
¶8 In 2011, Ms. Robinson became property manager of the
Partnership’s sole asset — the apartment complex in Pueblo.
Ms. Robinson’s duties included maintaining the books and financial
records and communicating with the Partnership’s accountant
about the Partnership’s tax returns.
¶9 During the early 2010s, the Partnership experienced financial
difficulties, and in May 2014, the Partnership filed for bankruptcy
protection in the United States Bankruptcy Court for the District of
Colorado. In August 2015, Ms. Robinson submitted a “Third
Amended Plan of Reorganization” (the Plan) to the bankruptcy
court. The Plan authorized an investor, RAK Ventures Colorado,
LLC, to purchase 50% of the apartment complex, pay the
Partnership’s outstanding debts, and refurbish and sell the
apartment complex. The bankruptcy court approved the Plan.
4 ¶ 10 On April 6, 2017, Ms. Robinson and her mother entered into
an agreement that authorized Ms. Robinson to handle all aspects of
the apartment complex’s sale, made Mr. Sharma the general
partner upon the close of the sale, and instructed Ms. Robinson to
release all sale profits to Mr. Sharma, as the general partner. On
April 10, 2017, the apartment complex was sold for $3,617,630.46.
¶ 11 Following the sale, Ms. Robinson requested that Mr. Sharma,
as general partner, distribute the sale proceeds according to an
ownership scheme in which she owned a 13% interest in the
Partnership. It was her position that the Partnership automatically
dissolved upon the sale of the Partnership’s sole asset. It was also
Ms. Robinson’s contention that sometime between the formation of
the Partnership in 1993 and the sale of the apartment complex in
2017, an “Amended Partnership Agreement” had been adopted,
5 pursuant to which her interest in the Partnership had increased
from 8% to 13%.2
¶ 12 On April 17, 2018, Ms. Robinson received an early distribution
of a portion of her anticipated share of the sale proceeds in the
amount of $232,157. The ostensive purpose of this early
distribution was to pay the tax liability Ms. Robinson anticipated
incurring on her purported 13% interest in the Partnership (which,
based on the sales price, she expected to total approximately
$470,000).
¶ 13 Years after the dissolution, Mr. Sharma had still not wound up
or terminated the Partnership, nor had he distributed the proceeds
of the sale — other than Ms. Robinson’s early distribution. Between
2018 and 2020, Ms. Robinson made several requests that
2 During the course of discovery, Ms. Robinson produced the
purported Amended Partnership Agreement, which was dated an unspecified day of March 2017. The purported Amended Partnership Agreement is nearly identical to the Original Partnership Agreement except that it removes father as a general partner, waives Stephanie Sharma’s interests in the Partnership, updates the Partners’ names and addresses, reduces mother’s interests by 5%, and increases Ms. Robinson’s interests by 5%. At trial, Mr. Sharma testified that he didn’t sign and had never seen the Amended Partnership Agreement until sometime after the initiation of this lawsuit.
6 Mr. Sharma, as the general partner, wind up the Partnership and
distribute the proceeds of the sale of the apartment complex. As of
the end of 2020, however, the proceeds from the sale of the
apartment complex still hadn’t been distributed to the Partners.
¶ 14 Having grown frustrated with the delay, on January 21, 2021,
Ms. Robinson filed suit against the Partnership, Mr. Sharma, and
her other siblings, asserting eight claims for relief. Ms. Robinson
asserted the following six claims for relief against Mr. Sharma:
(1) request for an accounting; (2) breach of the partnership
agreement; (3) conversion; (4) breach of fiduciary duty;
(5) embezzlement; and (6) civil theft. Ms. Robinson’s remaining two
claims were asserted against all of the defendants and were for (7)
dissolution by decree of court; and (8) winding up by decree of court
and appointment of a trustee. In her complaint, Ms. Robinson
asserted that she was entitled to an award of $470,291.96 in
damages, based on her asserted 13% interest in the Partnership.
¶ 15 On July 26, 2023, less than five weeks before trial was set to
begin, Mr. Sharma asserted a counterclaim for declaratory
judgment pursuant to sections 6.3, 12.2, and 12.7 of the Original
Partnership Agreement, alleging that by filing this lawsuit,
7 Ms. Robinson triggered the buyout provision of the Original
Partnership Agreement, pursuant to which he, as the general
partner, had a right to buy out her interests in the Partnership for
$8 — her capital contribution to the Partnership — plus interest at
the rate of 10% per annum from January 1, 1993, until paid.
¶ 16 The case proceeded to a bench trial over the course of three
days in August and October of 2023. In June 2024, the trial court
entered thorough and detailed written findings of fact, conclusions
of law, and judgment (Order). In its Order, the trial court found in
favor of the defendants on all of Ms. Robinson’s claims and for
Mr. Sharma on his counterclaim.
¶ 17 With respect to the first claim for relief for an accounting, the
trial court found that Ms. Robinson’s request for an accounting had
been satisfied over the course of the litigation, as during discovery
and at trial the Partnership and Mr. Sharma provided Ms. Robinson
the full accounting to which she was entitled. With respect to
Ms. Robinson’s request for orders to wind up and dissolve the
Partnership, the trial court found that Mr. Sharma now had all the
information necessary to wind up and dissolve the Partnership and
8 that he was ready and willing to do so, so orders for dissolution,
winding up, and appointment of a trustee were “unnecessary.”
¶ 18 With respect to Ms. Robinson’s second claim for relief for
breach of the partnership agreement, the court found that the
purported Amended Partnership Agreement was unenforceable
because there was “no evidence [Mr.] Sharma agreed to this alleged
amendment or that the required process for amending the [Original]
Partnership Agreement occurred.” The court further found that
neither Mr. Sharma nor the Partnership breached the Original
Partnership Agreement.
¶ 19 The trial court also rejected Ms. Robinson’s claims for
conversion, embezzlement, and civil theft, finding that there was no
evidence presented that Mr. Sharma had exercised dominion or
ownership over any property belonging to Ms. Robinson. The trial
court found that the remaining proceeds from the sale of the
apartment complex remained in a bank account belonging to the
Partnership and that Ms. Robinson failed to show that Mr. Sharma
intended to maintain those funds for himself.
¶ 20 Addressing Ms. Robinson’s claims that Mr. Sharma had
breached his fiduciary duty, the trial court found that Mr. Sharma’s
9 delay in distribution was proper to determine the ownership
structure of, and debts owed by, the Partnership. Additionally, the
trial court found that Ms. Robinson had agreed to use the
Partnership funds to pay their parents’ living expenses and any
payment of mother’s expenses did not affect Ms. Robinson’s
distribution. Lastly, the trial court found that the Original
Partnership Agreement allowed Mr. Sharma to use the Partnership
funds to pay legal expenses.
¶ 21 The trial court concluded that the ownership percentages of
the Partnership were as follows:
Ms. Robinson 8%
Mr. Sharma 8%
Shaun Sharma 8%
Shelly Sharma 8%
Sandy Sharma 8%
Sylvia Sharma 60%
¶ 22 With respect to Mr. Sharma’s counterclaim, the trial court
found that to give meaning to the entire contract, the buyout
provision of the Original Partnership Agreement was enforceable
even while the Partnership was in a state of dissolution. With that,
10 the trial court found that since Ms. Robinson had initiated the
present lawsuit, then Mr. Sharma, as the general partner, had the
right to purchase Ms. Robinson’s interests for $8 plus interest at
10% per annum from January 1, 1993, forward. In its Order, the
trial court didn’t disturb the April 17, 2018, distribution to
Ms. Robinson.
II. Analysis
¶ 23 Ms. Robinson raises five issues on appeal. Specifically, she
contends that the trial court erred by (1) selectively enforcing
provisions of the Amended Partnership Agreement while finding
that the Amended Partnership Agreement was invalid and
unenforceable; (2) admitting and relying upon irrelevant and
prejudicial evidence regarding her conduct during the course of the
Partnership’s bankruptcy; (3) finding that Mr. Sharma didn’t breach
the fiduciary duties he owed to the Partnership; (4) finding the
buyout provision of the Original Partnership Agreement enforceable;
and (5) awarding the defendants the full amount of their costs. For
the reasons set forth below, we reject all five contentions and,
therefore, affirm.
11 A. The Trial Court Didn’t Enforce Any Provisions of the Amended Partnership Agreement
¶ 24 Ms. Robinson contends that the trial court erred by improperly
ruling that the Amended Partnership Agreement was invalid while
also enforcing portions of it. Specifically, she argues that the trial
court erred by refusing to enforce the provision of the Amended
Partnership Agreement stating she had a 13% interest in the
Partnership while enforcing the provisions that removed father and
Stephanie Sharma from the Partnership. We disagree that the
court erred.
1. Standard of Review
¶ 25 While contract interpretation is a question of law, whether a
contract exists or has been modified or amended is a question of
fact. I.M.A., Inc. v. Rocky Mountain Airways, Inc. 713 P.2d 882, 887
(Colo. 1986). “We set aside a trial court’s factual findings only when
they are ‘so clearly erroneous as to find no support in the record.’”
S. Ute Indian Tribe v. King Consol. Ditch Co., 250 P.3d 1226, 1232
(Colo. 2011) (citations omitted).
12 2. Application
¶ 26 Ms. Robinson’s argument presents us with two distinct
questions: (1) Did the trial court incorrectly conclude that the
Amended Partnership Agreement was unenforceable, and (2) did the
trial court enforce provisions of the Amended Partnership
Agreement notwithstanding its finding that it wasn’t validly
adopted? We conclude the answer to both of those questions is no.
a. The Trial Court Properly Concluded that the Amended Partnership Agreement was Unenforceable
¶ 27 To begin, the trial court’s finding that the Amended
Partnership Agreement was invalid and unenforceable is supported
by the record. In assessing the validity of the Amended Partnership
Agreement, the court first looked at the terms of the Original
Partnership Agreement. As the trial court noted, section 17.5 of the
Original Partnership Agreement governs the amendment process of
the Original Partnership Agreement. Section 17.5 provides:
Amendments to this Agreement may be proposed by the [g]eneral [p]artners or by [p]artners owning a majority of the [u]nits. Following any such proposal, the [g]eneral [p]artners shall submit to the [l]imited [p]artners a verbatim statement of any proposed amendment, providing that counsel for the Partnership shall have approved of the
13 same in writing as to form, and the [g]eneral [p]artners may include in any such submission their recommendation as to the proposed amendment. The [g]eneral [p]artners shall seek the written vote of the [p]artners on the proposed amendment or shall call a meeting to vote thereon. . . . A proposed amendment shall be adopted and be effective as an amendment hereto if it receives the affirmative vote of the Partners owning a majority of the [u]nits.
¶ 28 At trial, Ms. Robinson admitted that she didn’t follow this
process in creating or executing the Amended Partnership
Agreement. Furthermore, Mr. Sharma testified that he never signed
the Amended Partnership Agreement, never voted on it, and never
saw it until the initiation of this lawsuit. This evidence amply
supports the trial court’s finding that the Amended Partnership
Agreement was invalid and unenforceable, so there is no basis for
us to disturb the trial court’s finding in this regard. Based on
Ms. Robinson’s and Mr. Sharma’s testimony that the amendment
process wasn’t followed for the purported Amended Partnership
Agreement, we conclude that the trial court’s finding that the
Amended Partnership Agreement was invalid and unenforceable
isn’t a clear error.
14 b. Ms. Robinson is Mistaken that the Trial Court Relied on the Amended Partnership Agreement to Remove Parties from the Partnership
¶ 29 Ms. Robinson next argues that the court’s findings that father
and Stephanie Sharma had been removed as general partner and
limited partner, respectively, can only stem from enforcement of the
Amended Partnership Agreement, which is inconsistent with its
findings discussed immediately above. The trial court, however,
didn’t base its findings regarding the removal of father and
Stephanie Sharma from the Partnership on the terms of the
Amended Partnership Agreement.
¶ 30 To begin, the fact that father was no longer a member of the
Partnership was an undisputed fact agreed upon by the parties
ahead of trial, as memorialized in the parties’ joint proposed trial
management order. Furthermore, the trial court found that
Stephanie Sharma had been removed from the Partnership based
on the testimony of other limited partners, not the terms of the
Amended Partnership Agreement. Indeed, limited partners
Ms. Robinson, Mr. Sharma, Shelly Sharma, and Shaun Sharma all
testified that their sister Stephanie Sharma had voluntarily
relinquished her interests. Accordingly, we reject Ms. Robinson’s
15 contention that the trial court improperly and inconsistently
enforced select terms of the Amended Partnership Agreement.
Instead, the trial court properly relied on undisputed facts and
testimony, not the Amended Partnership Agreement, in reaching its
findings that father and Stephanie Sharma had been removed from
the Partnership.
B. The Trial Court Didn’t Err by Admitting Evidence of Ms. Robinson’s Self-Dealing and Other Misconduct
¶ 31 Ms. Robinson next contends that the trial court erred by
admitting irrelevant and prejudicial evidence about the Plan and
her conduct following its adoption. Ms. Robinson continues that
the evidence of her self-dealing and financial mismanagement is not
only irrelevant but amounts to improper character evidence.
Further, she asserts that by admitting evidence about her failure to
comply with the Plan, the trial court effectively adjudicated claims
never asserted by Mr. Sharma. We discern no error.
1. Additional Facts
¶ 32 The Plan, approved by the bankruptcy court on September 24,
2015, outlined the terms of the Partnership restructuring and
placed compensation limits on Ms. Robinson and her husband for
16 work they performed pursuant to the Plan. The Plan provided that
Ms. Robinson would remain the manager of the apartment complex
and that her husband would oversee maintenance.
¶ 33 According to evidence presented at trial, on October 2, 2015,
eight days after the bankruptcy court approved the Plan,
Ms. Robinson entered into a “Tenancy in Common Agreement” with
a third-party entity. This third-party entity was owned by the same
owner of RAK Ventures, LLC, the investor that purchased the
apartment complex. The Tenancy in Common Agreement
established both Ms. Robinson and her husband as the managers of
the apartment complex and authorized payments to them in excess
of the compensation limits set forth in the Plan.
¶ 34 Thereafter, Ms. Robinson routed all revenue from the
apartment complex into a bank account owned by Skyview2025,
LLC (Skyview2025). Ms. Robinson and her husband were the
owners of Skyview2025. Ms. Robinson didn’t inform Mr. Sharma,
the limited partners, or the bankruptcy court of the Tenancy in
Common Agreement or the existence or role of Skyview2025.
¶ 35 The defendants retained an expert, Johnathan T. Marks, to
“rebut claims raised by [Ms. Robinson] concerning the alleged
17 financial mismanagement and theft of proceeds from the sale of real
property.” In his report, Marks opined that there was no evidence
that Mr. Sharma mismanaged the proceeds from the sale of the
apartment complex. Marks further opined that any delay in
providing an accounting or winding up the Partnership by
Mr. Sharma was caused by Ms. Robinson’s failure to provide
Mr. Sharma with the Partnership’s financial records, not any
mismanagement or misconduct on his part
¶ 36 Marks also opined that Ms. Robinson “acted inappropriately,
including engaging in self-dealing.” He based this opinion, in
substantial part, on the Tenancy in Common Agreement and
Ms. Robinson’s utilization of Skyview2025 to collect rent and
revenue. Further, Marks highlighted Ms. Robinson’s failure to
notify the Partnership of the Tenancy in Common Agreement or
Skyview2025.
¶ 37 Prior to trial, Ms. Robinson filed a motion in limine seeking to
strike Marks’ report and prohibit him from testifying at trial. In the
motion in limine, Ms. Robinson argued that Marks’ report and
testimony were “unreliable, irrelevant to the issues in this case,
[and] unfairly prejudicial,” citing CRE 401, 403, 703, 611, and 801.
18 The trial court denied the motion in limine in a written order
entered in advance of trial.
2. Standard of Review
¶ 38 “Trial courts have broad discretion in determining the
admissibility of evidence based on its relevance, its probative value,
and its prejudicial impact.” People v. Elmarr, 2015 CO 53, ¶ 20.
We will only reverse a trial court’s evidentiary ruling upon an abuse
of discretion. People v. Stewart, 55 P.3d 107, 122 (Colo. 2002). “We
will find an abuse of discretion only where the lower court’s decision
was manifestly arbitrary, unreasonable, or unfair.” People v.
Hoskins, 2014 CO 70, ¶ 17.
3. Preservation
¶ 39 While we don’t require parties to use “talismanic language” to
preserve issues on appeal, trial courts must be afforded an
“adequate opportunity to make findings of fact and conclusions of
law on any issue before we will review it.” People v. Melendez, 102
P.3d 315, 322 (Colo. 2004). “To properly preserve an issue for
appeal, a party’s objection or request must be specific enough to
(1) draw the court’s attention to the asserted error; (2) provide the
court with a meaningful opportunity to focus on the issue; and
19 (3) prevent or correct the error.” People v. Anderson, 2020 COA 56,
¶11 (citations omitted). Generally, arguments raised for the first
time in a post-trial motion aren’t considered properly preserved for
appeal, unless there wasn’t an opportunity to raise them to the trial
court before or during trial. Fid. Nat’l Title Co. v. First Am. Title Ins.
Co., 2013 COA 80, ¶ 51; In re Marriage of Herold, 2021 COA 16, ¶ 7.
¶ 40 In her opening brief, Ms. Robinson asserts that the evidence of
her conduct during the pendency of the Partnership’s bankruptcy
was “nothing more than an attempted character assassination of
Ms. Robinson without complying with C.R.E. 404(b).” For
preservation of this argument, Ms. Robinson points us to her
motion in limine and the trial court’s order on it. But Ms. Robinson
didn’t raise any CRE 404(b) argument in her motion in limine. Nor
does such an argument appear in any other pre-trial motion, nor
did counsel preserve it in an objection at trial or at any other time
when Ms. Robinson had the opportunity to raise it.
¶ 41 The first time we can discern that Ms. Robinson raised a
CRE 404(b) concern was in her reply in support of her motion to
amend judgment pursuant to C.R.C.P. 59(a)(3)-(4). Because
Ms. Robinson had so many opportunities to raise this argument
20 before and during trial, this post-trial filing is insufficient for
preservation purposes. As such, we conclude that the CRE 404(b)
argument wasn’t properly preserved for appeal.3 See Fid. Nat’l Title
Co., ¶ 51; Herold, ¶ 7.
4. Analysis
a. Evidence of Ms. Robinson’s Self-Dealing and Financial Mismanagement is Relevant
¶ 42 We first address Ms. Robinson’s contention that the evidence
of her self-dealing and financial mismanagement was irrelevant to
any claims that were before the trial court.
¶ 43 All relevant evidence is admissible unless barred by statutes,
rules of evidence, the Constitution, or other rules prescribed by the
Colorado Supreme Court. CRE 402. Evidence is relevant if it has
“any tendency to make the existence of any fact that is of
3 Even if the issue was properly preserved, there is nothing in the
record to indicate that the court relied on the evidence of self- dealing and financial mismanagement as propensity evidence. As discussed below, the trial court admitted the evidence as support for Mr. Sharma’s defense, not to prove that Ms. Robinson acted in compliance with the bad character inferred by the evidence on a separate occasion. CRE 404(b). Therefore, if the trial court’s failure to address the Rule 404(b) character evidence argument was an error, we conclude it was a harmless error that didn’t affect the outcome or fairness of the trial. See C.R.C.P. 61.
21 consequence to the determination of the action more probable or
less probable than it would be without the evidence.” CRE 401.
The Colorado Rules of Evidence strongly favor the admission of
relevant evidence. People v. Czemerynski, 786 P.2d 1100, 1108
(Colo. 1990), abrogated on other grounds by, Rojas v. People, 2022
CO 8.
¶ 44 The crux of several of Ms. Robinson’s claims against
Mr. Sharma is that he unduly delayed the winding up of the
Partnership. Part of Mr. Sharma’s defense to this allegation is that
the delay was attributable, at least in part, to Ms. Robinson’s
conduct during the pendency of the Partnership’s bankruptcy.
¶ 45 This defense is supported by assertions made in Marks’ expert
report that the delay in proceeds distribution was “due in large part
to Ms. Robinson’s failure to provide [Mr. Sharma] with the books
and records of the Partnership until August 2022 when they were
produced in discovery as part of this lawsuit.” Further, Marks
found that “Ms. Robinson’s record keeping was, at best sloppy and,
at worst, deceptive.” Finally, Marks stated that understanding the
funds routed through Skyview2025 was integral to the proceeds
distribution process.
22 ¶ 46 In its order on Ms. Robinson’s motion in limine, the trial court
found that the expert testimony and portions of the expert report
were “directly relevant to the heart of this case when considering
Defendants[’] stated reasons why [the Partnership] and
[Mr. Sharma], as [the Partnership]’s [g]eneral [p]artner have not
issued distributions to partners.” Ultimately, the trial court relied
on Marks’ expert opinion to support its finding that Mr. Sharma
didn’t breach his fiduciary duty.
¶ 47 Thus, the evidence of Ms. Robinson’s conduct during the
pendency of the Partnership’s bankruptcy and Marks’ report were
relevant to Mr. Sharma’s defense and the claims before the trial
court.
b. The Trial Court Didn’t Adjudicate Ms. Robinson’s Conduct Pertaining to the Bankruptcy Plan
¶ 48 Relatedly, Ms. Robinson contends that the trial court
improperly relied on Marks’ report and testimony to adjudicate that
she violated the terms of the Plan — an issue, Ms. Robinson argues,
that wasn’t before the court, that was time barred, and that the trial
court lacked jurisdiction to consider. The trial court did no such
thing.
23 ¶ 49 In its order, the trial court only mentions the Plan or
Ms. Robinson’s conduct during the course of the bankruptcy in the
context of resolving Ms. Robinson’s claims against Mr. Sharma, in
which she claims his dilatory conduct was to blame for the delay in
winding up the Partnership and delaying the distribution of
proceeds from the sale. There was nothing improper in the court’s
considering whether the evidence established that Ms. Robinson’s
misconduct was the cause of the delays she complained of. In its
order finding that Mr. Sharma didn’t breach the Original
Partnership Agreement and didn’t breach his fiduciary duties, the
trial court details the delay by stating that Ms. Robinson withheld
financial documents, concealed the Tenancy in Common Agreement
that was “contrary to the [bankruptcy] [p]lan,” and concealed that
revenue from the Partnership was being redirected to an account
owned by her and her husband. These are the only mentions of
Ms. Robinson’s conduct or the Plan in the trial court’s
“adjudication” of claims.
¶ 50 Simply put, the trial court didn’t make a finding that the Plan
had been breached, didn’t enter any orders regarding the Plan, and
didn’t modify or enforce the Plan. Instead, the trial court only
24 found that Ms. Robinson’s conduct was contrary to the Plan — and
did so in the context of resolving Ms. Robinson’s claims against
Mr. Sharma on their merits. There was nothing improper in how
the court conducted its analysis or the evidence it relied upon to
reach its conclusions.
C. The Trial Court Didn’t Err by Finding That Mr. Sharma Didn’t Breach His Fiduciary Duty
¶ 51 Ms. Robinson next contends that the trial court erred by
finding that Mr. Sharma didn’t breach his fiduciary duty. We aren’t
persuaded.
1. Legal Principles
¶ 52 “[W]hether a fiduciary duty has been breached is a factual
question we review for clear error.” Mintz v. Accident & Injury Med.
Specialists, PC, 284 P.3d 62, 68 (Colo. App. 2010), aff’d, 2010 CO
50. “A court’s factual finding is clearly erroneous if there is no
support for it in the record.” In re Marriage of Young, 2021 COA 96,
¶ 8; see also Owners Ins. Co. v. Dakota Station II Condo. Ass’n, 2021
COA 114, ¶ 50 (appellate courts won’t disturb a trial court’s
findings of fact “if there is any evidence in the record to support
them”).
25 2. Analysis
¶ 53 Ms. Robinson’s theory at trial was that Mr. Sharma breached
his fiduciary duty by waiting to distribute the Partnership interests,
failing to determine and pay the Partnership’s debts, not obtaining
the Partnership’s financial records, and paying for their parents’
living expenses using the Partnership funds.4 The trial court
rejected each of these contentions based on its weighing of the
evidence presented at trial. Instead of arguing that the trial court
didn’t have any record support for its findings on these claims,
Ms. Robinson simply points out that there was conflicting evidence
that could have supported a contrary finding. But our role on
appeal isn’t to reweigh the evidence. See Owners Ins. Co., ¶ 50 (“It’s
4 In addition to the arguments explored below, Ms. Robinson also
argues on appeal that Mr. Sharma breached his fiduciary duties by failing to complete the Partnership’s taxes and by insisting that Ms. Robinson’s interest in the Partnership was only 5% prior to this lawsuit. Ms. Robinson cites the trial court’s judgment as where these issues are preserved, but she doesn’t direct us to where she made these arguments to the trial court. Moreover, in its findings, the trial court doesn’t address whether Mr. Sharma breached his fiduciary duties for these reasons. Thus, these arguments aren’t preserved for appeal. See, e.g., Franklin D. Azar & Assocs. P.C. v. Ngo, 2024 COA 99, ¶ 51 (“Generally, to preserve an issue for appeal, the issue must be brought to the trial court’s attention and the court must be given the opportunity to rule on it.”).
26 the trial court’s sole province to resolve factual issues, determine
witness credibility, weigh evidence, and make reasonable inferences
from that evidence. We may not reweigh evidence or substitute our
own judgment for the trial court’s.” (citing In re Estate of Owens,
2017 COA 53, ¶ 22)). Moreover, as discussed below, there is ample
support in the record for the trial court’s findings that Mr. Sharma
didn’t breach his fiduciary duties.
a. Support for the Trial Court’s Finding that Mr. Sharma’s Delay in Interest Distribution Wasn’t a Breach of Fiduciary Duty
¶ 54 First, the court found that Mr. Sharma didn’t breach his
fiduciary duties by waiting to distribute Partnership interests. The
court reasoned that the Original Partnership Agreement required
Mr. Sharma to first “determine the debts and ownership structure
of [the Partnership]” before he could make a final distribution. This
is supported by section 14.2 of the Original Partnership Agreement,
which sets forth the process for winding up the Partnership.
Additionally, Mr. Sharma testified that he needed to sort out the
Partnership debts before distribution.
¶ 55 The trial court further found it was Ms. Robinson who caused
the delay in winding up the Partnership by impairing Mr. Sharma’s
27 ability to calculate the Partnership’s liabilities. Both Mr. Sharma
and Marks testified that Mr. Sharma was unable to calculate the
Partnership’s liabilities without access to the Partnership’s financial
documents, which were in the possession of Ms. Robinson. Marks
also testified that Mr. Sharma acted prudently in waiting to figure
out the debts and ownership structure before making the final
distribution to the partners.
¶ 56 Based on this evidence, the trial court’s findings that
Mr. Sharma didn’t breach his fiduciary duty by waiting to distribute
the proceeds, failing to obtain financial documents, and waiting to
calculate the Partnership’s liabilities were amply supported by the
record.
b. Support for the Trial Court’s Finding that Mr. Sharma’s Payment of the Parents’ Living Expenses Wasn’t a Breach of Fiduciary Duty
¶ 57 Second, the trial court found that Mr. Sharma didn’t breach
his fiduciary duty by using the Partnership funds to pay for the
living expenses of their parents. The trial court relied on a
mediation agreement in which Ms. Robinson and Mr. Sharma
agreed to such an allocation. What’s more, the trial court pointed
out that the mediation agreement requires any funds used for the
28 parents’ living expenses to be taken out of their mother’s future
distribution. We conclude that this finding had sufficient support
in the record.
¶ 58 As previously stated, Ms. Robinson’s appellate contentions
don’t highlight a lack of support for the trial court’s findings or
judgments. Instead, she asks us to review the evidence de novo
and relitigate the issue. That isn’t the standard for these findings.
Because the trial court had sufficient support for its judgment that
Mr. Sharma didn’t breach his fiduciary duties, we conclude that it
wasn’t a clear error.
D. The Trial Court’s Determination that the Buyout Provision is Enforceable Isn’t a Basis for Reversal
¶ 59 Ms. Robinson next argues that the trial court improperly
enforced section 12.7 of the Original Partnership Agreement — what
we are referring to as the buyout provision. She argues that
(1) because the Partnership was in a state of dissolution at the time
she filed suit, the buyout provision couldn’t be invoked; and (2) the
terms of the buyout provision are unconscionable and are,
therefore, void as a matter of public policy. But because
Ms. Robinson hasn’t demonstrated how she was prejudiced by the
29 court’s enforcement of the provision, we don’t reach the merits of
Ms. Robinson’s challenge. 5
¶ 60 Rule 61 of the Colorado Rules of Civil Procedure states, “The
court at every stage of the proceeding must disregard any error or
defect in the proceeding which does not affect the substantial rights
5 If we were to reach the merits of Ms. Robinson’s challenges to the
buyout provision, we would only address the first contention, not the second. That is because Ms. Robinson didn’t preserve her second contention for our review. “In civil cases, arguments never presented to, considered by, or ruled upon by a district court may not be raised for the first time on appeal.” Gebert v. Sears, Roebuck & Co., 2023 COA 107, ¶ 25. Although no talismanic language is required to preserve an issue for appellate review, see In re Estate of Owens, 2017 COA 53, ¶ 21, still “[t]o properly preserve an argument for appeal, the party asserting the argument must present ‘the sum and substance of the argument’ to the district court.” Gebert, ¶ 25 (quoting Madalena v. Zurich Am. Ins. Co., 2023 COA 32, ¶ 50). A review of the record reveals that Ms. Robinson never argued to the trial court that the terms of the buyout provision were unconscionable and, therefore, void as a matter of public policy. And a handful of questions regarding the “fairness” of the buyout provision isn’t adequate to preserve the argument that Ms. Robinson advances on appeal. See, e.g., Liberty Bankers Life Ins. Co. v. First Citizens Bank & Tr. Co., 2014 COA 151, ¶ 27 (finding a contention unpreserved where “each cited-to instance of preservation was vague and conclusory, there was no clear argument in support, and there were no citations to authority”); Berra v. Springer & Steinberg, P.C., 251 P.3d 567, 570 (Colo. App. 2010) (finding an argument made in closing arguments preserved for appeal).
30 of the parties.” “An error affects a substantial right only if ‘it can be
said with fair assurance that the error substantially influenced the
outcome of the case or impaired the basic fairness of the trial
itself.’” Bly v. Story, 241 P.3d 529, 535 (Colo. 2010) (quoting Banek
v. Thomas, 733 P.2d 1171, 1178 (Colo. 1986)).
2. Analysis
¶ 61 Based on the trial court’s findings and our disposition of the
other issues raised on appeal, we can’t discern how Ms. Robinson’s
substantial rights or interests were adversely affected by the court’s
determination that Mr. Sharma, as the general partner, had the
right to enforce the buyout provision. We reach this conclusion
based on the combined effect of five critical factual determinations
by the trial court and our resolution of Ms. Robinson’s challenges to
those determinations. Specifically, the court made the following
findings, which, as discussed above, we have declined to disturb on
appeal:
• In April 2018, Ms. Robinson received an early
distribution from the Partnership of a share of sales
proceeds in the amount of $232,157.
31 • Any final distribution that Ms. Robinson may be entitled
to receive under the Original Partnership Agreement
would be offset by the early distribution she received in
April 2018.
• Ms. Robinson’s interest in the Partnership in the absence
of the enforcement of the buyout provision is 8% (not the
13% Ms. Robinson argued for).
• Although the Partnership received $3,617,630.46 in
proceeds from the sale of the apartment complex, based
on the Marks report, the total amount subject to
distribution to the partners as of August 2023 was only
$2,264,795.26 (after deducting Partnership liabilities
from the sale proceeds).
• The trial court didn’t order Ms. Robinson to return any
portion of the $232,157 she received from the
Partnership in April 2018.
¶ 62 Based on these findings (the first two of which aren’t in
dispute and the latter three of which we aren’t disturbing on
appeal), Ms. Robinson would have been entitled to 8% of
$2,264,795.26, less the $232,157 she received as an early
32 distribution. Eight percent of $2,264,795.26, is $181,183.62,
which is less than the $232,157 she’s already received (and that the
court didn’t order returned). Thus, had the court not enforced the
buyout provision, Ms. Robinson wouldn’t have been entitled to any
additional distribution from the Partnership.6 Thus, she can’t
establish any prejudice from the court’s enforcement of the
provision.
¶ 63 The trial court determined that Mr. Sharma had the right to
enforce the buyout provision of the Original Partnership Agreement
and purchase Ms. Robinson’s interests in the Partnership for $8
plus interest because she initiated this lawsuit. Based on our
disposition of the other issues on appeal, however, Ms. Robinson’s
early distribution, and the requirements under the trial court’s
judgment, we fail to discern any prejudice to Ms. Robinson resulting
6 We recognize that based on the theory that Ms. Robinson
advanced in her complaint and at trial, she would have been entitled to an additional distribution had the court not found the buyout provision enforceable. This is because she contended that she was entitled to a final distribution based on a 13% ownership interest and that the total amount of proceeds subject to distribution, in her view, was $3,617,630.46. Based on this view of the facts, she would have been entitled to a distribution of $470,291.96, less her early distribution of $232,157, for a net additional distribution of $238,134.96.
33 from enforcement of the buyout provision.7 Thus, we decline to
address the merits of Ms. Robinson’s arguments. See C.R.C.P. 61.
E. The Trial Court Didn’t Abuse Its Discretion When Awarding Expert Witness Costs
¶ 64 Finally, Ms. Robinson contends that the trial court abused its
discretion when awarding costs to the defendants, specifically, the
expert witness fees because those fees were unreasonable. We
disagree that the trial court erred.
1. Standard of Review and Legal Principles
¶ 65 “[W]e review an award of costs for an abuse of discretion and
will only disturb the award if it is manifestly arbitrary,
unreasonable, or unfair.” Archer v. Farmer Bros. Co., 90 P.3d 228,
230 (Colo. 2004). We will find an abuse of discretion only where the
trial court’s findings “are so manifestly against the weight of
evidence as to compel a contrary result.” In re Weisbard, 25 P.3d
24, 28 (Colo. 2001) (quoting Aspen Wilderness Workshop, Inc. v.
7 In fact, it would appear that Ms. Robinson would realize a modest
benefit if Mr. Sharma exercises the general partner’s rights under the buyout provision, as doing so would appear to entitle Ms. Robinson to receive $8, plus thirty-two years of interest at 10% per annum, compared to the $0 Ms. Robinson would receive if Mr. Sharma didn’t enforce the buyout provision.
34 Hines Highlands Ltd. P’ship, 929 P.2d 718, 728 (Colo. 1996)). “It is
not necessary that we agree with the trial court’s decision,” the
decision just can’t “exceed[] the bounds of the rationally available
choices.” Streu v. City of Colorado Springs, 239 P.3d 1264, 1268
(Colo. 2010) (citation omitted).
¶ 66 Trial courts have considerable discretion in awarding costs to
a prevailing defendant if (1) those costs are reasonably and
necessarily incurred in defending litigation and (2) there is no
statute or rule that prohibits such an award. Valentine v. Mountain
States Mut. Cas. Co., 252 P.3d 1182, 1186-87 (Colo. App. 2011).
Courts may consider any relevant factors, including “the needs and
complexity of the case.” C.R.C.P. 54(d). “The starting point for
determining the amount of a reasonable expert witness fee is the
number of hours reasonably expended on the litigation multiplied
by a reasonable hourly rate.” Gallegos Fam. Props., LLC v. Colo.
Groundwater Comm’n, 2017 CO 73, ¶ 47.
¶ 67 In its June 24, 2024, order awarding defendants their costs,
the trial court awarded the defendants the full amount of requested
costs, totaling $219,719.72. Most of these costs ($209,264.20) were
35 for fees paid to defendants’ expert witness, Marks, and other team
members of the accounting firm, Baker Tilly. This is the portion of
the award Ms. Robinson challenges on appeal. Although
Ms. Robinson takes issue with the amount of time the professionals
spent on the case, she doesn’t challenge the reasonableness of their
hourly rates. Accordingly, we won’t address whether the court
erred in determining that the hourly rates were reasonable.
¶ 68 Ms. Robinson makes several arguments as to why the amount
of time billed by the defendants’ experts was unreasonable and
unnecessary:
• The lawsuit wasn’t complicated and thus didn’t require
the extensive work billed.
• The experts’ time was spent looking into conduct outside
the scope of the litigation.
• Mr. Sharma made no attempt to control costs.
• The expert report utilized more resources than necessary.
• The travel costs of the testifying expert witness, Marks,
and his associate were facially unnecessary.
¶ 69 We will take these arguments in turn.
36 ¶ 70 First, Ms. Robinson argues that the costs were unreasonable
because the lawsuit wasn’t complicated. In assessing the
complexity of the case, the trial court made the following findings:
Contrary to the Plaintiff’s assertion, this matter was complicated. Plaintiff asserted eight claims for relief alleging financial misconduct by Defendants [the Partnership] and Mr. Sharma, and Mr. Sharma asserted a counter-claim seeking to enforce a provision in [the Original] Partnership Agreement. This required review of a large amount of complex financial documents over a lengthy period of time to analyze the financial obligations of [the Partnership] and the flow of [the Partnership]’s money.
¶ 71 As the trial court observed, litigating the eight claims
generated substantial discovery. The documents the experts
worked through were complex and spanned decades. We discern
no abuse of discretion in the trial court’s determination that this
was a complicated matter.
¶ 72 Second, Ms. Robinson argues that the expert fees were
unreasonable because of the time the experts spent looking into her
alleged self-dealing and financial mismanagement. Ms. Robinson
again argues that this evidence wasn’t relevant to the claims before
the court and, thus, the time the experts spent on these issues was
37 unreasonable. As we have already addressed, evidence of
Ms. Robinson’s self-dealing and financial mismanagement was
offered by Mr. Sharma as a defense to the breach of fiduciary duty
claims. With this being a key component of Mr. Sharma’s defense,
and the trial court’s reliance on the expert in resolving these claims,
we aren’t persuaded that this makes the expert witness fees
unreasonable.
¶ 73 Third, Ms. Robinson contends that the fees are unreasonable
because Mr. Sharma made no attempt to control the expert costs.
As the trial court noted, “[T]he vast majority of the review was
performed by Mr. Marks’ team members who charged lower hourly
rates.” This is supported by Baker Tilly’s itemized invoice, which
shows that most of Marks’ billable hours were spent drafting the
report, while his team with lower hourly rates completed most of the
document review. Accordingly, we aren’t persuaded that the trial
court abused its discretion in rejecting Ms. Robinson’s contention
that the defendants failed to control expert costs.
¶ 74 Fourth, Ms. Robinson argues that the report utilized more
resources than necessary. Specifically, Ms. Robinson cites the
number of Baker Tilly team members working on preparing the
38 report. This argument appears to conflict with the argument
immediately before it. Ms. Robinson complains that Mr. Sharma
wasn’t controlling costs but then complains about the cost-
controlling measures that were taken — namely, relying on
personnel with lower billing rates to perform certain tasks. We
again agree that the cost controlling measures of using Baker Tilly
team members with a lower hourly rate was reasonable; thus, we
aren’t persuaded that the use of multiple people in the review was
¶ 75 Fifth, Ms. Robinson argues that Marks’ and his associate
Manny Muriel’s travel to Pueblo for the trial was unreasonable.
Specifically, Ms. Robinson asserts that (1) Marks’ travel was
unnecessary because virtual testimony would have sufficed;
(2) Marks attended trial on days he didn’t testify; and (3) Muriel’s
travel was unnecessary because he didn’t contribute at all.
¶ 76 The trial court found that “[t]here is nothing per se
unreasonable about a key expert witness traveling to testify in
person.” The trial court further opined that “the suggestion that
appearance should have been presumptively remote, flies in the
face of the C.R.C.P. and Chief Justice Directive.”
39 ¶ 77 As the trial court alluded to, virtual testimony is the exception,
not the rule, under the Colorado Rules of Civil Procedure. C.R.C.P.
43(i)(1) requires a party to request virtual testimony via a written
motion, providing the reason for allowing virtual testimony, a
detailed description of the testimony, and copies of all documents
that will be used in the virtual testimony. C.R.C.P. 43(i)(1). It is
within the trial court’s discretion to approve or deny the request.
Id. As such, we agree with the trial court that it wasn’t
unreasonable for Marks to testify in person.
¶ 78 Lastly, we will address Ms. Robinson’s last two travel
arguments together. Ms. Robinson argues that Marks’ travel costs
were unreasonable because he attended two days of trial (August
30, 2023, and August 31, 2023) where he didn’t testify.
Additionally, Ms. Robinson argues that Muriel’s travel was
unnecessary because he didn’t contribute to testimony.
¶ 79 Colorado courts have historically allowed fees for expert
witnesses who didn’t testify if the expenses were incurred because
of the litigation and were reasonably necessary for trial preparation.
See Mgmt. Specialists, Inc. v. Northfield Ins. Co., 117 P.3d 32, 39
(Colo. App. 2004); Fowler Irrevocable Tr. 1992-1 v. City of Boulder,
40 992 P.2d 1188, 1200 (Colo. App. 1999), aff’d in part and rev’d in
part on other grounds, 17 P.3d 797 (Colo. 2001).
¶ 80 As an initial matter, the trial court acknowledged that Marks
was expected to testify on August 31, 2023. Addressing both
Marks’ and Muriel’s trial attendance on August 30, 2023, and
August 31, 2023, the trial court found that “[i]t is . . . not
unreasonable in a complex case like this for a party, the party’s
expert and the expert witness’ main associate working on the
matter to also travel to and attend the trial.” Further, the trial
court noted that Muriel had significant involvement in this
litigation.
¶ 81 A review of the Baker Tilly invoices confirms both Marks’ and
Muriel’s hands-on involvement in the matters before the trial court.
Both Marks and Muriel spent their time preparing the expert
witness report; researching, reviewing, and analyzing the relevant
Partnership financial documents; and helping with trial
preparation, both ahead of trial and during trial. Because major
points of contention in this lawsuit were the debts of the
Partnership, the ownership percentages, and the financial state of
the Partnership in general, these expert expenses were incurred by
41 reason of the litigation. Further, both Marks and Muriel brought
their professional knowledge of the expert report to aid the defense
team in person at trial.
¶ 82 We don’t discern an abuse of discretion in the trial court
determination that it was reasonable for the expert witnesses to
travel to trial, even if they didn’t both testify.
¶ 83 Because the case and its discovery was in fact complicated,
Baker Tilly properly employed multiple lower-cost team member to
analyze the complicated discovery and look into defenses for
Mr. Sharma. Further, because the expert witness and his main
associate who helped prepare the expert report traveled to Pueblo to
assist in trial preparation, we can’t conclude that the trial court
abused its discretion in awarding the full award of costs.
III. Disposition
¶ 84 For these reasons, the judgment is affirmed.
JUDGE SULLIVAN and JUDGE BERNARD concur.