IN RE: LIFE PARTNERS HOLDINGS (2019)

United States Court of Appeals, Fifth Circuit.

IN RE: LIFE PARTNERS HOLDINGS, INCORPORATED Debtor. Life Partners Creditors' Trust; Alan M. Jacobs, As Trustee for the Creditors' Trust, Appellants, v. American Safe Retirements, L.L.C.; Joe Barkate, doing business as MTLRC, L.L.C.; Rich Depaolo; Frank W. Bice; The Retirement and Investment Council; Tolleson Holdings, L.L.C.; Tolleson Investments, L.L.C.; William M. Tolleson; Abundant Income, L.L.C.; Alpha ; Omega Global Risk Management, L.P.; AO Global, L.L.C.; ASR Alternative Investments, L.P.; BGS Management Consultants; Argentus Securities, L.L.C., formerly known as Summit Alliance Securities, L.L.C.; BGS Consultants; BGS; Brian Harper; Curtis M. Cole; Dewitt ; Dunn, L.L.C.; Fidelity Holdings, Incorporated; Hans P. Reinhart; Irish East India Company; James Sundelius; Lakeside Equity Partners, Incorporated; Longview Capital Group; Matthew Price; New Asset Advisors, L.L.C.; New Asset Alternatives, L.L.C.; Petra World Wide, Incorporated; Providing Profit; RSG, L.L.C.; Russell Hagan; Secondary Markets, L.L.C.; Steadfast Endeavors, L.L.C.; Summit Alliance Settlement Company, L.L.C.; Tim Harper; Inter Consulting Group, L.L.C., Appellees.

No. 17-11488

Decided: June 03, 2019

Before ELROD, HIGGINSON, and ENGELHARDT, Circuit Judges.

Nolan Cornelius Knight, Dennis L. Roossien, Jr., Esq., Munsch Hardt Kopf & Harr, P.C., Dallas, TX, for Appellants Thomas S. Brandon, Jr., Rebecca Kristine Eaton, Esq., Thomas Franklin Harkins, Jr., Esq., Whitaker Chalk Swindle & Schwartz, P.L.L.C., Fort Worth, TX, for Appellees American Safe Retirements, L.L.C., Joe Barkate, Rich Depaolo, Frank W. Bice, Retirement and Investment Council, Tolleson Holdings, L.L.C., Tolleson Investments, L.L.C., William M. Tolleson, ASR Alternative Investments, L.P., BG & S Management Consultants, BG & S Consultants, BG & S, Brian Harper, Tim Harper David F. Morris, Carrollton, TX, for Appellees Abundant Income, L.L.C., James Sundelius David Reese Clouston, Esq., Leslye Ellen Moseley, Sessions, Fishman, Nathan & Israel, L.L.C., Dallas, TX, for Appellees Alpha & Omega Global Risk Management, L.P., AO Global, L.L.C., Irish East India Company, Petra World Wide, Incorporated, Russell Hagan Peter J. Harry, Law Office of Peter J. Harry, P.L.L.C., Dallas, TX, for Appellees Curtis M. Cole, New Asset Advisors, L.L.C., New Asset Alternatives, L.L.C. Brian Wade Clark, Attorney, John Joseph Kane, Kane Russell Coleman & Logan, P.C., Dallas, TX, for Appellees Dewitt & Dunn, L.L.C., Lakeside Equity Partners, Incorporated Frederick Leighton Durham, III, Kelly, Durham & Pittard, L.L.P., Dallas, TX, for Appellees Hans P. Reinhart, Inter Consulting Group, L.L.C.