THOMPSON v. DAVIS

No. W2008-00380-COA-R3-CV.

308 S.W.3d 872 (2009)

Jon THOMPSON, Ed Gatlin, and Empire Express, Inc. v. J.T. DAVIS and Barbara Davis.

Court of Appeals of Tennessee, Western Section, at Jackson.

September 8, 2009.

Permission to Appeal Denied by Supreme Court February 22, 2010.


Attorney(s) appearing for the Case

John J. Heflin, III, and John Marshall Jones, Memphis, Tennessee, for the appellant, J.T. Davis.

Richard Glassman and Lewis W. Lyons, Memphis, Tennessee, for the appellees, Jon Thompson and Ed Gatlin.


OPINION

HOLLY M. KIRBY, J., delivered the opinion of the Court, in which DAVID R. FARMER, J., and J. STEVEN STAFFORD, J., joined.

This is an action for contribution. The two individual plaintiffs and the defendant formed a limited liability company for the purpose of owning and operating an arena football team. To fund the team, the three investors took out two loans in their individual names. The business was a losing venture, and eventually the team was...

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