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Mark A. Larsen

Attorney Profile

Top Rated Business Litigation Attorney in Salt Lake City, UT

Larsen & Rico, PLLC
230 South 500 East, Suite 260
Salt Lake City, UT 84102
Phone: 801-550-6500
Fax: 801-364-3406
Selected to Super Lawyers: 2009 - 2010, 2022
Licensed in Utah Since: 1982
Practice Areas: Business Litigation, Appellate, Real Estate: Business
Attorney Profile

Mark A. Larsen is a managing member and a trial attorney at the law firm of Larsen & Rico, PLLC, located in Salt Lake City, Utah. With more than 42 years of experience in the legal field, he represents clients with commercial litigation, business divorces, fraud and embezzlement cases, real estate litigation, construction and land use litigation and breach of contract matters. He also takes on appeals. 

Professional and diligent while dealing with any case, Mr. Larsen provides efficient and cost-effective legal services. He has a reputation for the knowledgeable and sound counsel and advice he provides for his clients. He is an aggressive advocate for the rights and interests of his clients. 

With immense experience taking on commercial litigation matters, Mr. Larsen’s clients include national, international and local insurance carriers and companies. With a Bachelor of Science degree in accounting from the University of Utah, Mr. Larsen earned his Juris Doctor cum laude from the State University of New York. While in law school, he served as a note and comment editor for the Buffalo Law Review. 

Mr. Larsen is active in the legal community and has memberships in various prominent legal associations, including the Salt Lake County Bar Association, the Utah State Bar, the American Bar Association and the Defense Research Institute. For his exceptional legal work, he has a “Very Good” rating on Avvo and has received an AV Distinguished* peer review rating by Martindale Hubbell.

Mr. Larsen is admitted to practice before the Supreme Court of Pennsylvania, the United States District Court for the Western District of Pennsylvania, the Supreme Court of Utah, the United States Court of Appeals for the 10th Circuit, the United States District Court for the District of Utah and the United States District Court for the District of Colorado. 

*AV®, AV Preeminent®, Martindale-Hubbell Distinguished and Martindale-Hubbell Notable are certification marks used under license in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell® is the facilitator of a peer review rating process. Ratings reflect the anonymous opinions of members of the bar and the judiciary. Martindale-Hubbell® Peer Review Rating™ fall into two categories – legal ability and general ethical standards.

Practice Areas
  • 70%Business Litigation
  • 20%Appellate
  • 10%Real Estate: Business
Focus Areas

Trade Secret, Non-Compete Agreements, Appeals, Condominiums & Cooperatives, Landlord/Tenant

Selections

3 Years Super Lawyers
  • Super Lawyers: 2009 - 2010, 2022

About Mark A. Larsen

First Admitted: 1979, Pennsylvania

Professional Webpage: https://www.larsenrico.com/mark-a-larsen/

Verdicts/Settlements

  • Bel Canto Design, Ltd. v. MSS HiFi, Inc.,  No. 11 Civ. 6353 CM; 2012 WL 2376466 (S.D.N.Y. 2012) (dismissing antitrust Counterclaim).
  • John Price Associates, Inc. v. Warner Electric, Inc., 723 F.2d 755 (10th Cir. 1983).
  • Frontier Federal Sav. and Loan Ass’n v. National Hotel Corp., 675 F.Supp. 1293 (D. Utah 1987)(defeated jurisdiction challenge on $14.2 million fraud case; eventually obtained judgment and repossessed three hotels).
  • Scheller v. Dixie Six Corp., 753 P.2d 971 (Utah App. 1988).
  • Wade v. Burke, 800 P.2d 1106 (Utah App. 1990).
  • Equitable Life & Cas. Ins. Co. v. Ross, 849 P.2d 1187 (Utah App. 1993).
  • Utah Dept. of Transp. v. 6200 South Associates, 872 P.2d 462 (Utah App. 1994).
  • Maack v. Resource Design & Const., Inc., 875 P.2d 570 (Utah App. 1994).
  • Mackay v. 7-Eleven Sales Corp., 995 P.2d 1233 (Utah 2000).
  • Worthen v. Walter, 2001 WL 422940 (Utah App. 2001).
  • Jones v. R.L.K Enterprises, 2001 WL 587140 (Utah App. 2001).
  • Estate of Berkemeir v. Hartford Ins. Co. of Midwest, 106 P.3d 700 (Utah 2004).
  • Chen v. Stewart, 100 P.3d 1177 (Utah 2004).
  • Chen v. Stewart, 123 P.3d 416 (Utah 2005)
  • Bradshaw v. Harker, No. 2:03–CV–00714 PGC; 2006 WL 538201 (D. Utah 2006)(U.S. District Court confirmation of complex arbitration award)
  • Kealamakia, Inc. v. Kealamakia, 213 P.3d 13 (Utah App. 2009)(affirming fraud award against shareholders, including attorney fee award for violation of fiduciary duty).
  • Bel Canto Design, Ltd. v. MSS HiFi, Inc.,  837 F.Supp.2d 208 (S.D.N.Y. 2011)(entry of preliminary injunction for Lanham Act violations).
  • In the Matter of the Estate of Richard L. Barnes: We represented the Personal Representative, one of the heirs. Other heirs claimed Richard L. Barnes lacked testamentary intent to execute Trusts after February of 2014 and claimed the PR unduly influenced Dr. Barnes after that date. This case was resolved in mediation. The approach, however, was not to settle the disputes between the heirs but to renegotiate the terms of the Trust. We offered zero to settle the merits of the case, repeatedly but then negotiated to unlock assets from the Trust, altering life estates into complete ownership of Arrowhead Dental Lab and its building. This is the largest result of our career and around the fifth or sixth largest settlement or verdict in Utah. We thank Greg Zaugg and Thomas Price for their invaluable help and special thanks to the mediator, George Haley. (Third Judicial District Court of Salt Lake County, Probate No. 203901182), 2021

Scholarly Lectures/Writings

  • The 2014 Utah State Bar Summer Convention, “The Economic Loss Rule”
  • State University of New York at Buffalo, cum laude, Note and Comment Editor, Buffalo Law Review, 1978-1979
  • The 2014 Utah State Bar Summer Convention, “The Impact of the New LLC Act on Closely-Held Member Litigation”
  • This presentation with Brent R. Armstrong outline the impact of the Utah Revised Uniform Limited Liability Company Act on disputes between and among members of Utah Limited Liability Companies, Presenter, The Impact of the 2014 Utah Revised Uniform Limited Liability Company Act on Disputes Between and Among Members of Closely-Held Limited Liability Companies , Utah State Bar, 2014
  • We presented the Economic Loss Rule and its interplay between contract law and tort law., Panel Member, Economic Loss Rule, Utah State Bar, 2014

Bar/Professional Activity

  • Supreme Court of Pennsylvania, 1979
  • Defense Research Institute
  • American Bar Association
  • Salt Lake County and Utah State Bar Associations
  • United States District Court for the District of Colorado, 2014
  • United States District Court for the District of Utah, 1983
  • United States Court of Appeals for the Tenth Circuit, 1982
  • Supreme Court of Utah, 1982
  • United States District Court for the Western District of Pennsylvania, 1980

Honors/Awards

  • Super Lawyer by the Mountain States edition of Super Lawyers
  • AV Distinguished Peer Review rated by Martindale-Hubbell recognition for his high ethical standards and professional ability

Educational Background

  • University of Utah, BS in Accounting, 1976

Special Licenses/Certifications

  • Kingswick Holdings, LLC v. RS Kingsland, LLC: This was a real estate dispute over the authority of the CEO of SilverLeaf Financial, Kingswick's manager, to sign a Loan Sale and Assignment Agreement (the "Assignment Agreement"), listing Kingsland as Assignee and Kingswick as Assignor. According to the terms of the Assignment Agreement, RS Kingsland is the assignee of a $5.2 million Promissory Note Kingsland Investments, L.P, executed in favor of Lehman Brothers Bank, FSB, as well as a Deed of Trust and Security Agreement to secure the Promissory Note. The Trust Deed was recorded against a warehouse in St. Louis. The Court initially determined that the CEO did not have actual authority.  At the conclusion of a four-day bench trial, however, the Court concluded in a 15-page opinion dated April 11, 2016, that the CEO had apparent authority to execute the Assignment Agreement. The case was settled ten days later. (Third Judicial District Court of Salt Lake County, Case No. 140900578), 2016

Representative Clients

  • Mascaro Family Partnership v. Facer: We represented one of the two general partners in the Mascaro Family Partnership in what started as an embezzlement case against its other general partner. Two receivers were appointed in the case, one in charge of the sale of the Family Partnership's real estate holdings and, due to Tony Mascaro's incapacity, the other in charge of the litigation. In mediation, we settled the case as part of an agreement to alter the terms of the Family Partnership, in part setting aside $1 million for Tony Mascaro's medical expenses. We recovered approximately $400K from Defendant, representing 100% of the amounts claimed, plus interest and attorney fees. A special thanks to the two receivers, David Broadbent and R.L. Knuth, for their excellent work. (Third Judicial District Court of Salt Lake County, Case No. 160903337), 2020

Industry Groups

  • Closely-Held Business Ownership Disputes
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Office Location for Mark A. Larsen

230 South 500 East
Suite 260
Salt Lake City, UT 84102

Phone: 801-550-6500

Fax: 801-364-3406

Last Updated: 4/28/2022

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