Court throws out $10M verdict against Twitter for breaking Boulder lease – The Denver Post

An appeals court has reversed a $10 million verdict against X Corp. after determining that a Boulder judge misinterpreted the social media company’s former lease there. “It is not for us to decide what is the better business deal,” Colorado Court of Appeals Judge Karl Schock wrote for a unanimous three-judge panel on Thursday. “Rather, because the lease does not yield an absurd result, we must enforce the bargain the parties struck.” In 2020, the company then known as Twitter Inc. agreed to lease 64,000 square feet from The John Buck Co. in the Railyards at S’PARK office building, which was under construction at 3401 Bluff St. in Boulder. X Corp. then spent about $20 million building out its office space there. X Corp. stopped paying rent in December 2022, closed the office and told its employees to work from home. Buck Co. sued to evict X Corp., which countered with its own lawsuit alleging it had not been paid a $5.8 million tenant improvement allowance. That TIA should have been used as a rent credit, meaning X Corp. was not in default and was wrongly evicted, X Corp. argued. After a trial last year, Boulder District Court Judge Nancy Salomone ruled in
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