TM2008 Investments, Inc. v. Procon Capital Corp.

OPINION

WINTHROP, Judge.

¶ 1 TM2008 Investments, Incorporated, Bonnie Vanzant, and James Vanzant appeal a judgment against them following a jury trial. Appellants identify a number of arguments on appeal, principally that the trial court erred by finding that they necessarily owed fiduciary duties to ProCon Capital Corporation, a fellow member of Doveland Developments, an Arizona limited liability company (“LLC”), and therefore had no liability based on an alleged breach of such duty. For the following reasons, we reverse and remand for a new trial.

FACTS AND PROCEDURAL HISTORY

¶ 2 In 2007,…