Hickenlooper wanted to retain the name Mile High Stadium.
Invesco, a large mutual family that recently moved into its new headquarters in the Denver Technological Family, agreed to pay $120 million for the naming rights for the home of the Denver Broncos.
The lawsuit claimed the stadium district violated state law by failing to consider public sentiment in favor of preserving the Mile High Stadium name.
It also claimed the district didn't fully evaluate the benefits of retaining the old name. It also claimed the board unlawfully packaged the deal with the Broncos.
The judge, however, saw no reason for legal red flags on the plays called by the Metropolitan Football Stadium District Board.
Rivera says the board was required by law only to generally ''assess and consider'' the public sentiment as well as the cost in making its decision.
The board also wasn't required to give any more weight to any one factor, such as cost, tourism value, pride and public sentiment, more heavily than another.
In a written decision, the judge says the decision to sell the naming rights to Invesco was ''neither arbitrary nor capricious and was rationally based.''
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