A Locke Lord team led by Carl Scherz and Joe Unis (both of Dallas) represented Dallas businessman Bob Ladd and his investment fund Ladd 2000 Partners, Ltd. in a shareholder oppression and fraudulent transfer lawsuit against closely held technology company, RentRange, LLC, its operating manager Walter Charnoff, its board of managers and majority members Carl Bell, Phil Comeau, Fred Heigold, Louis Herrera, the Phil Comeau Trust, and the CSV Asset Trust, along with several other affiliated entities, including GoldenGator, LLC, OnIt Solutions, LLC, and REIsmart, LLC. The six-member state court jury rejected all of the defendants’ counterclaims and found various defendants liable for fraudulent transfer of assets, breach of fiduciary duty and civil conspiracy. The jury also found Charnoff and RentRange liable for fraud, violations of the Colorado Securities Act and negligent misrepresentation. In total, the jury made findings of damages of more than $1.6 million arising from the various claims, and Ladd 2000 intends to seek an award of additional penalties and attorneys’ fees in excess of those damages. Additional Locke Lord team members included Matt Buongiorno and Murad Salim with assistance from Brandan Montminy, Anna Finger, Clint Williams and Tom Loose (all of Dallas).
Posted December 13, 2017