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McKENNA v. CAPITAL RESOURCE PARTNERS, IV

No. A07A0342.

650 S.E.2d 580 (2007)

McKENNA et al. v. CAPITAL RESOURCE PARTNERS, IV, L.P. et al.

Court of Appeals of Georgia.

Reconsideration Denied July 27, 2007.

Certiorari Denied October 9, 2007.

Attorney(s) appearing for the Case

Brown & Shamp, Laura M. Shamp, Atlanta, for appellants.

Powell Goldstein, Daniel G. Ashburn, Seyfarth Shaw, Matthew N. Foree, Charles W. Ingraham, Atlanta, for appellees.

BARNES, Chief Judge.

The appellant-plaintiffs are minority shareholders in Loyaltyworks.1 They sued the company and its majority shareholder Capital Resource Partners, IV, L.P. (CRP) to enforce a verbal settlement agreement. The defendants denied reaching an agreement, contending that any agreement had to be in writing to be binding. Loyaltyworks also counterclaimed against plaintiff Rorke on a promissory note he had signed in exchange...

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