Barr v. Colorado Insurance Guaranty Ass'n & Western Guaranty Fund Services

Opinion by

Judge METZGER.

Plaintiffs, Bill Barr, Lerihard Johnson, Robert Corkle, Ed Crawley, Ken Thaxton, Harold Kelloff, John Shuster, Dale Duncan, and George Pennington, appeal the summary judgment entered in favor of defendants, Colorado Insurance Guaranty Association (CIGA) and Western Guaranty Fund Services (Western). We affirm.

Plaintiffs were 9 of the 15 directors and/or officers of Associated Grocers of Colorado, Inc. (AG), a cooperative association of member grocery stores. In 1983, plaintiffs, in their capacities as directors and/or officers, approved a loan for $5,440,000 for the…