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FIRST NAT. BANK OF DURANGO v. LYONS

Court of Appeals No. 13CA1907.

349 P.3d 1161 (2015)

2015 COA 19

FIRST NATIONAL BANK OF DURANGO, Mancos Valley Bank, Citizens Bank of Pagosa Springs, and Farmers Savings Bank, Plaintiffs-Appellees, v. William S. LYONS, Jr., and William S. Lyons, III, Defendants-Appellants.

Court of Appeals of Colorado, Division VII.

Announced February 26, 2015.

Attorney(s) appearing for the Case

Newbold Chapman & Geyer PC, A. Michael Chapman , R. Thomas Geyer , Durango, Colorado; Law Firm of Ice Miller, LLP, Philip A. Whistler , Aaron D. Grant , Indianapolis, Indiana, for Plaintiffs-Appellees.

Fowler, Schimberg & Flanagan P.C., Timothy P. Schimberg , Andrew R. McLetchie , Denver, Colorado, for Defendants-Appellants.

Opinion by Judge BERGER

¶ 1 In this securities fraud action, the district court denied the motion of defendants, Williams S. Lyons, Jr., and Williams S. Lyons, III (collectively, Lyons), to dismiss for lack of subject matter jurisdiction. The Lyons contended that claims against them under the Colorado Securities Act (CSA) were subject to the Colorado Governmental Immunity Act (CGIA) and therefore barred because the plaintiffs, First National Bank...

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