Allen v. Concord Energy Holdings LLC

CourtColorado Court of Appeals
DecidedFebruary 12, 2026
Docket24CA1889
StatusUnpublished

This text of Allen v. Concord Energy Holdings LLC (Allen v. Concord Energy Holdings LLC) is published on Counsel Stack Legal Research, covering Colorado Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Allen v. Concord Energy Holdings LLC, (Colo. Ct. App. 2026).

Opinion

24CA1889 Allen v Concord Energy 02-12-2026

COLORADO COURT OF APPEALS

Court of Appeals No. 24CA1889 City and County of Denver District Court No. 21CV32298 Honorable Jill D. Dorancy, Judge

J. Christian Allen,

Plaintiff-Appellant and Cross-Appellee,

v.

Concord Energy Holdings, LLC, a Colorado Limited Liability Company, and Concord Energy, LLC, a Colorado Limited Liability Company,

Defendants-Appellees and Cross-Appellants.

JUDGMENT AFFIRMED IN PART AND REVERSED IN PART, AND CASE REMANDED WITH DIRECTIONS

Division I Opinion by JUDGE BERGER* J. Jones and Meirink, JJ., concur

NOT PUBLISHED PURSUANT TO C.A.R. 35(e) Announced February 12, 2026

Womble Bond Dickinson (US), LLP, Kendra N. Beckwith, Nathan B. Thoreson, Denver, Colorado; Otteson Shapiro, LLP, Kevin T. Schutte, William P. Dunne III, Dallas, Texas, for Plaintiff-Appellant and Cross-Appellee

Malik Semmens, LLC, Damon M. Semmens, Denver, Colorado; Hunton Andrews Kurth, LLP, Christopher M. Pardo, Boston, Massachusetts; Hunton Andrews Kurth, LLP, Katherine P. Sandberg, Washington, D.C.; Hunton Andrews Kurth, LLP, Trevor S. Cox, Richmond, Virginia, for Defendants- Appellees and Cross-Appellants

*Sitting by assignment of the Chief Justice under provisions of Colo. Const. art. VI, § 5(3), and § 24-51-1105, C.R.S. 2025. ¶1 In this civil action for unpaid wages or compensation under

the Colorado Wage Claim Act (CWCA), the jury awarded substantial

damages to plaintiff, J. Christian Allen. Acting on Allen’s C.R.C.P.

59 motion, the district court attempted to supplement that jury

award with penalties, interest, and attorney fees authorized by the

CWCA. But the court ruled too late on that motion because it had

already been denied by operation of law. Allen appeals the resulting

judgment.

¶2 Defendants, Concord Energy Holdings, LLC and Concord

Energy, LLC (jointly, Concord), cross-appeal, claiming that Allen’s

breach of fiduciary duty results in a complete forfeiture of his

compensation.

¶3 We affirm the judgment based on the jury’s verdict, reverse the

denial of Allen’s C.R.C.P. 59 motion, and remand for further

proceedings.

I. Facts and Procedural History

¶4 Concord, an energy commodities marketing, logistics, and

trading company, hired Allen as Director of East Trading. Allen’s

employment agreement provided that he would earn a yearly salary

of $150,000 plus a bonus “[b]ased on [the] overall performance of

1 the East Book of business,” equal to “[fifty percent] of the East Book

incentive pool, calculated as [twenty percent] of realized gross

margin net of a desk fee,” payable quarterly in cash.

¶5 Because of unprecedented levels of market volatility in

February 2021, Allen sold on Concord’s behalf approximately $38

million of natural gas to Brazos Electric Power Cooperative (Brazos).

Concord’s profit margin for the sale was very high. But, in selling

the gas to Brazos, Allen exceeded the pre-existing $250,000 credit

limit that Concord had set for transactions with Brazos. Concord

presented undisputed evidence that the purpose of the credit limits

was to limit Concord’s exposure on the trades.

¶6 Brazos failed to pay Concord the money owed on the contract

and filed for bankruptcy. Concord was a creditor of Brazos and

sold its bankruptcy claim to a third party for approximately $4

million less than it would have received had Brazos honored its

contract. Because of the high profit margin on the sales, Concord

still realized a large profit.

¶7 Concord refused to compensate Allen for the Brazos trades,

and, in May 2021, Allen was terminated following Concord’s

2 determination that he lied about obtaining credit approval for the

Brazos trades.1

¶8 In July 2021, Allen sued Concord for breach of the

employment agreement and violation of section 8-4-109, C.R.S.

2025, of the CWCA. Allen sought his unpaid wages, statutory

penalties, and attorney fees and costs. Concord counterclaimed for

breach of fiduciary duty, breach of the duty of loyalty, negligence,

and fraud or false representation.

¶9 After a lengthy trial, a jury returned a verdict in Allen’s favor

on his breach of contract and CWCA claims, found that Concord’s

failure to pay was willful, and awarded him $3.36 million — the

amount of the bonus on the Brazos trades. The jury also found

that Allen breached his fiduciary duty but that he proved his

affirmative defenses of waiver and ratification.

¶ 10 Both parties timely filed post-trial motions under C.R.C.P. 59.

Concord argued that given the jury’s finding that Allen had

breached his fiduciary duty to Concord, the court was required to

1 Allen’s co-trader on the East Book, Peter Rebstock, was

disciplined for violating the Brazos credit limit, but Allen was ultimately terminated.

3 render an “equitable” determination under the “faithless servant

doctrine” that Allen forfeited his right to the compensation claimed.

¶ 11 By timely written order, the district court denied Concord’s

motion, concluding that the faithless servant doctrine was

inapplicable to the facts of the case based on the jury’s ratification

and waiver verdicts.

¶ 12 Allen moved to amend the judgment to award him statutory

penalties for Concord’s willful withholding of wages under the

CWCA, pre- and post-judgment interest, and attorney fees and

costs. The district court granted in part and denied in part the

motion on September 20, 2024, nine days after the deadline for

ruling on C.R.C.P. 59 motions had expired.2 Three days later, in an

amended order, the district court awarded Allen $6,832,157.68,

including $2,527,068.75 in penalties under the 2022 version of the

CWCA and $940,663.93 in prejudgment interest. The court stated

2 Allen filed his motion to amend the judgment on July 10, 2024.

C.R.C.P. 59(j) provides that a court “shall determine any post-trial motion within 63 days (9 weeks) of the date of the filing of the motion,” which, in this case, was September 11, 2024. If the court fails to rule on the motion within 63 days, it is “deemed denied for all purposes.” C.R.C.P. 59(j).

4 that it would address Allen’s attorney fees request in a separate

order.

¶ 13 On appeal, Allen argues that the court erred by denying (by

operation of law) his C.R.C.P. 59 motion. He also contends that he

is entitled to the statutory penalties prescribed by the 2023 version

of the CWCA and that he is further entitled to pre- and post-

judgment interest and attorney fees.

¶ 14 Concord cross-appeals, arguing that the judgment must be

reversed in its entirety because Allen forfeited all claimed

compensation. Additionally, Concord argues that the district court

reversibly erred by excluding evidence showing that Allen failed to

obtain credit approval prior to making the Brazos trades.

¶ 15 We first address Concord’s challenges to the judgment and

then address Allen’s contentions.

II. Automatic Forfeiture of Allen’s Compensation

¶ 16 Concord contends that allowing Allen to recover compensation

in this case is inconsistent with the Colorado Supreme Court’s

decisions in Jet Courier Service, Inc. v.

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Allen v. Concord Energy Holdings LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/allen-v-concord-energy-holdings-llc-coloctapp-2026.