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FIRST HORIZON MERCHANT SERVICES v. WELLSPRING CAPITAL MANAGEMENT, LLC

No. 05CA2370.

166 P.3d 166 (2007)

FIRST HORIZON MERCHANT SERVICES, INC., a Tennessee corporation, Plaintiff-Appellant, v. WELLSPRING CAPITAL MANAGEMENT, LLC, a Delaware limited liability company; Wellspring Capital Partners II, LP, a Delaware limited partnership; Loan Capital Funding, LLC, a Delaware limited liability company; Philip Bakes, Greg Feldman, Jason Fortin, George Gremse, Barry Kaplan, David Mariano, Andrew McKey, Carl Stanton, and Craig Toll, individually, Defendants-Appellees.

Colorado Court of Appeals, Div. II.

As Modified on Denial of Rehearing June 14, 2007.

Attorney(s) appearing for the Case

Ireland, Stapleton, Pryor & Pascoe, P.C., Richard L. Shearer, Timothy G. Atkinson, J. Alan Call, Laura J. Hazen, Denver, Colorado, for Plaintiff-Appellant.

Boies, Schiller & Flexner, LLP, Kenneth F. Rossman, IV, Oakland, California; Boies, Schiller & Flexner, LLP, Jonathan D. Schiller, Nicholas A. Gravante, Jr., Christopher E. Duffy, New York, New York, for Defendants-Appellees.

Opinion by Judge LOEB.

In this litigation between a creditor of a bankrupt company and the company's officers, directors, and majority stockholders, plaintiff, First Horizon Merchant Services, Inc., appeals the judgment dismissing its complaint against defendants, Wellspring Capital Management LLC, Wellspring Capital Partners II, LP, Loan Capital Funding, LLC, Philip Bakes, Greg Feldman, Jason Fortin, George Gremse, Barry Kaplan, David Mariano, Andrew McKey, Carl...

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