THOMAS v. RAHMANI-AZAR

No. 08CA0671.

217 P.3d 945 (2009)

Robert THOMAS and Heidi Thomas, Appellants, and Willis Wetzler, on behalf of himself and other shareholders of Springs Hospitality, Inc., a Colorado corporation, and Colorado Springs Lodging, Inc., a Colorado corporation, acting on a shareholder derivative basis, Plaintiffs-Appellees, v. Gholamreza RAHMANI-AZAR, a/k/a Bruce Rahmani; Colorado Hospitality Services, Inc., a Colorado corporation; and Colorado Springs Hospitality Services, LLC, a Colorado limited liability corporation, Defendants-Appellees.

Colorado Court of Appeals, Div. VII.

May 28, 2009.


Attorney(s) appearing for the Case

Arrington & Associates, P.C., Barry K. Arrington, Arvada, Colorado, for Appellants.

Cohen & Associates, P.C., Jeffery Cohen, Aaron Boschee, Denver, Colorado, for Plaintiffs-Appellees.

Horowitz/Forbes, LLP, Peter C. Forbes, Denver, Colorado, for Defendants-Appellees.


Opinion by Chief Judge DAVIDSON.

In this appeal from a judgment of dismissal of a shareholder derivative action brought by plaintiff, Willis Wetzler, against defendant, Gholamreza Rahmani-Azar, shareholders, Robert and Heidi Thomas (objectors), seek to set aside the order of the trial court approving settlement of the derivative claims. We affirm.

I. Background

In May 2006, Wetzler, on behalf of himself and derivatively as a shareholder, filed suit...

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