Photo: Joyride Brewery | By Jonathan Shikes, DenverPost.com | Joyride Brewing sued one of its co-owners Friday, saying he racked up $420,000 in “unneeded and unapproved” debt and spent hundreds of thousands of dollars in brewery money to pay bills and expenses for two other businesses, including a well-known club.
The lawsuit comes two weeks after Joyride, 5217 W. 25th Ave. in Edgewater, announced that it had filed for bankruptcy protection. In that announcement, Joyride president and co-founder Dave Bergen said the move was the result of “malfeasance” by a former general manager.
On Monday, Joyride identified that general manager as Grant Babb, who opened Joyride with Bergen in 2014. Babb, who ran unsuccessfully for mayor of Edgewater in 2017, is also part owner of famed South Broadway music venue Herman’s Hideaway, the suit said, and of Live Slow Brewing. Live Slow has been planning to open for two years now in Gold’s Marketplace in Wheat Ridge.
“Beginning in 2022 through the date of his termination, Babb wrote hundreds of thousands of dollars in unapproved and unauthorized checks to himself, Live Slow, and Hermans from Joyride accounts,” reads the lawsuit. It was filed by Joyride’s parent company, GDB Holdings, on Dec. 1 in Jefferson County District Court against Babb and Hermans Legacy, LLC.
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The lawsuit claims that Herman’s was aware that the money it was receiving was coming from Joyride and that the company has since “refused to return the funds.”
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Read the full article here:
https://www.denverpost.com/2023/12/04/joyride-brewing-co-founder-lawsuit-ban
[Our thanks to Marty Jones for submitting this news! Http://www.martyjones.com]
Photo: Joyride Brewery | From their Facebook page
December 7, 2023| Music-Related Business| Barb Dye