Parsons v. May

CourtColorado Court of Appeals
DecidedJune 4, 2026
Docket25CA1276
StatusUnpublished

This text of Parsons v. May (Parsons v. May) 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
Parsons v. May, (Colo. Ct. App. 2026).

Opinion

25CA1276 Parsons v May 06-04-2026

COLORADO COURT OF APPEALS

Court of Appeals No. 25CA1276 Mesa County District Court No. 21CV30267 Honorable Brian J. Flynn, Judge

Robb Parsons,

Plaintiff-Appellant,

v.

Doug May,

Defendant-Appellee.

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

Division V Opinion by JUDGE LIPINSKY Schutz and Graham*, JJ., concur

NOT PUBLISHED PURSUANT TO C.A.R. 35(e) Announced June 4, 2026

Wegener Lane & Evans, P.C., Benjamin M. Wegener, Grand Junction, Colorado, for Plaintiff-Appellant

Starritt Legal LLC, Sam David Starritt, Grand Junction, Colorado; Brownstein Hyatt Farber Schrek, LLP, David B. Meschke, Alex P. Jack, Denver, Colorado, for Defendant-Appellee ¶1 Robb Parsons appeals the district court’s order awarding

attorney fees to Doug May under section 13-17-102(2), C.R.S. 2025,

and C.R.C.P. 121, section 1-22(2), following the court’s finding that

Parsons’s claims against May were “groundless, frivolous, or

vexatious.” We affirm the district court’s award of those attorney

fees to May, but we reverse the court’s award to May of the attorney

fees he incurred in connection with Parsons’s separate appeal of the

court’s grant of summary judgment to May. In addition, we award

May the attorney fees he incurred in connection with this appeal

(except those attorney fees relating to Parsons’s argument regarding

May’s attorney fees incurred in the merits appeal) and remand to

the district court to determine what amount of appellate costs, if

any, to award to May.

I. Background

A. Parsons’s Professional Relationship with Johnson and May

¶2 Parsons worked as an investment strategist at Wells Fargo

Private Bank with Angela Johnson, a private banker, and Robert

Tesch, a financial advisor. After Wells Fargo laid off Parsons in

2018, he spoke to Johnson and Tesch about forming a new

business “venture.”

1 ¶3 The participants in the venture contemplated that, after

leaving Wells Fargo, Johnson would refer her private banking

clients to Parsons and Tesch for investment advisory services. To

facilitate the venture, Parsons and Tesch joined WealthSource

Partners, LLC — an investment advisory firm — and Johnson left

Wells Fargo to join Timberline Bank as a private banker. Doug May

was another financial investment advisor at WealthSource.

¶4 The venture was documented in a solicitation agreement

between WealthSource and Timberline. Under the agreement,

WealthSource would pay Timberline a fee for referring private

banking clients to WealthSource. Notably, Parsons was not a party

to the agreement, nor did he “own” any of the clients with whom he

worked at WealthSource. The clients were free to move their money

to the other investment advisors at any time. Parsons worked with

the WealthSource clients whom Timberline referred to him, but he

did not contract directly with the clients.

B. Parsons’s Arrest and WealthSource’s Termination of His Employment

¶5 In August 2021, Parsons was arrested for violating a

protection order in a domestic relations case and served six days in

2 jail. Parsons told Johnson that he was in jail. Parsons did not

immediately inform WealthSource of his arrest or that he had been

under criminal investigation for nearly two years before his arrest,

even though he was required to “promptly” disclose if a third party

“initiated an examination, inquiry, review, investigation, proceeding,

or action” against him that “may have resulted in disciplinary

action.”

¶6 A week after Parsons’s arrest, Johnson informed May of the

arrest. May passed along this information to WealthSource

executives. WealthSource then terminated Parsons’s employment.

C. Emails Between May and Johnson

¶7 We review in detail the email exchanges between Johnson and

May in March and April 2021 because Parsons rested his claims on

them. But both the district court and the division of this court that

affirmed the grant of summary judgment (the merits division)

concluded that the emails did not support Parsons’s claims. See

Parsons v. Timberline Bank, (Colo. App. No. 24CA0257, Dec. 5,

2024) (not published pursuant to C.A.R. 35(e)).

¶8 In the emails, which predated Parsons’s arrest, Johnson

expressed frustration with her working relationship with Parsons.

3 Johnson perceived May as a mentor and sought his advice on

career decisions.

¶9 In an email to Johnson, May advised her as follows:

What I’m saying is that in the event you felt like it was in clients[’] best interest[s] to move QUICKLY away from [Parsons], the best bet would be to line up something with one of these outside firms, rather than create your own [Registered Investment Advisor] or create an alternative within the WealthSource universe.

Hopefully, that’s not something that will need to happen. If it did, however, I could make some introductions.

This email will self-destruct (I wish) in [fifteen] seconds. . . . No, didn’t happen? Darn.

For the record to anyone reading this in the future — I want what is best for clients and, second, what is fair to everyone involved.

¶ 10 May later sent Johnson an email summarizing her career goals

and offered suggestions for advancing herself professionally after

Parsons retired from WealthSource:

Your goals for designing [Timberline] are complex, as you are looking for a solution that is advantageous to yourself, [Parsons], me, a new person, [Timberline][,] and even WealthSource.

The suggestion I’ve outlined provides [Johnson] with additional support from the

4 new WealthSource advisor, will increase her compensation through the 25% solicitation fee that Timberline would receive on the $40MM book of business (perhaps $60K-75K/year), and it will give her a slice (10-20%) of the TLWM de novo [Registered Investment Advisor] that would ultimately be launched to manage this book of business. By getting a new successor WealthSource advisor in the mix, now, there will be greater client satisfaction and retention when [Parsons] ultimately decides to transition out and it provides capacity, now lacking, to continue building a larger book of business, including smaller mass affluent accounts.

[Parsons] will be able to enjoy his easy schedule and terrific salary for a longer period of time, without worrying about the problems created by the lack of support he is providing [Johnson]. While monetizing the book of business is nice, the longer he can relax with his $750K gig, the better off he’ll be because he will always have the monetization option at the end. However, he will also have to reduce his current level of compensation in order to lock in “easy street.” He will not want to do this, but his alternative is that he and a new Timberline entity go head to head to compete for the clients, which simply leaves both parties worse off.

....

My personal belief is that this proposed solution is a Win-Win-Win-Win-Win-Win. The greatest difficulty will be getting [Parsons’s] agreement. However, this difficulty is not a reflection of the quality of the proposal, so

5 much, as the fact that [Parsons] is now getting the lion’s share of the economic benefits of leaving Wells Fargo, while [Timberline] ([Johnson]) is doing much of his work for him. The unfairness of the status quo naturally leaves him feeling like he will be disadvantaged by this proposal.

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