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ENERGY CLAIMS v. CATALYST INV. GROUP

No. 20120156.

325 P.3d 70 (2014)

2014 UT 13

ENERGY CLAIMS LIMITED, Petitioner, v. CATALYST INVESTMENT GROUP LIMITED, Timothy Roberts, Arm Asset-Backed Securities, S.A., Charles P. Baker, Thomas Depetrillo, Charles Becker, and Robert Beuret, Respondents.

Supreme Court of Utah.

May 9, 2014.

Attorney(s) appearing for the Case

Jefferson W. Gross , Salt Lake City, for petitioner.

Charles D. Shmerler , James H. Neale , Jami Mills Vibbert , James L. Barnett , and Darren G. Reid , Salt Lake City, for respondents Catalyst Investment Group Limited, Timothy Roberts, and ARM Asset-Backed Securities, S.A.

Reid W. Lambert and Anthony M. Grover , Salt Lake City, for respondents Christopher P. Baker, Thomas DePetrillo, Charles Becker, and Robert Beuret.

Chief Justice DURRANT, opinion of the Court:

INTRODUCTION

¶ 1 Energy Claims Limited (ECL), a British Virgin Islands company, filed suit in Utah district court, asserting a now defunct Utah corporation's claims against that corporation's former directors, Catalyst Investment Group Limited (Catalyst), Mr. Timothy Roberts, and ARM Asset-Backed Securities, S.A. (ARM). All of the defendants reside, or have their principal place of business, outside of Utah...

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