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GRUBKA v. WEBACCESS INTERN., INC.

Civil Case No. 05-cv-02483-LTB-OES.

445 F.Supp.2d 1259 (2006)

James M. and Linda J. GRUBKA, individually and on behalf of the James M. and Linda J. Grubka Living Trust, Plaintiffs, v. WEBACCESS INTERNATIONAL, INC., Blair Whitaker, J. Roger Moody, L. Shawn Breskow, James W. Stuckert, Archibald J. McGill, Wiley E. Prentice, Jr., Steven A. Spesard, Steven A. Lyga, Carol L. Leveque, Daniel W. Boyd, James Rogers, and J.J.B. Hilliard, W.L. Lyons, Inc., Defendants.

United States District Court, D. Colorado.

June 29, 2006.

Attorney(s) appearing for the Case

Daniel Joseph Schendzielos, Cisneros & Schendzielos, LLC, Centennial, CO, John Francis Bloss, Clark Bloss & Wall, PLLC, Greensboro, NC, for Plaintiffs.

Glenn W. Merrick, G.W. Merrick & Associates, LLC, Greenwood Village, CO, Peter A. Stokes, Fulbright & Jaworski, LLP, Austin, TX, Peter J. Lucas, Appel & Lucas, P.C., Denver, CO, Christopher P. Fisher, Ulmer & Berne, LLP, Cleveland, OH, for Defendants.

MEMORANDUM ORDER AND OPINION

BABCOCK, Chief Judge.

During its three-year existence, defendant WebAccess International, Inc. ("Web-Access") consumed several million dollars of capital before closing its doors on November 27, 2002. The plaintiffs, James and Linda Grubka, rueful of their lost $38,411 investment in WebAccess, here assert theories of recovery premised upon allegations of securities fraud and malfeasance by WebAccess' directors and officers, many...

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