TME Enterprises, Inc. v. Norwest Corp.

Plaintiffs and appellants TME Enterprises, Inc. and James L. McDaniel (appellants) appeal from a judgment, following a court trial, in favor of defendants and respondents Norwest Bank Colorado (Norwest Bank or the Bank), Norwest Services, Inc. (NSI), and Norwest Corporation (collectively respondents) in appellants’ consolidated actions for violation of subpart B of the Federal Reserve Board’s Regulation J ( 12 C.F.R. §§ 210.25-210.32 (2004) (Regulation J), which incorporates Uniform Commercial Code (UCC) article 4A ( 12 C.F.R. § 210.25 (b)) and which governs wire transfers through the Fedwire system; fraud; negligence; civil conspiracy; civil RICO violations; unfair business practices and other state and federal causes of actions. Appellants contend that substantial evidence does not support the trial court’s findings that Norwest Bank did not violate Regulation J; that respondents were not liable for negligence, civil conspiracy, civil RICO violations, and unfair business "practices; and that respondents were not liable as alter egos of each other. Appellants further contend that they are entitled to a new trial because the trial court failed to enforce a March 6, 2001…