Kilroy v. ALPHARETTA FITNESS, INC.

Phipps, Judge.

This action arose in connection with the purchase of assets of an exercise facility. After the transaction closed and the corporate purchaser began operating the facility, revenue failed to meet the projections previously calculated by the purchaser’s shareholder. The corporate purchaser, its shareholder, and his wife sued the corporate seller and its shareholders. The trial court granted partial summary judgment to the defendants on the claims of fraud and fraudulent transfer. For reasons that follow, we reverse as to both claims.

To prevail at summary judgment under OCGA §…