United States Fifth Circuit

In a case involving lawsuits filed by the SEC to shut down two fraudulent prime bank trading programs, a judgment finding that a $60,000 payment from a company was a fraudulent transfer and finding defendants jointly and severally liable for its repayment, and a declaration that the judgment would be nondischargeable in bankruptcy, are vacated in part as to the ruling on nondischargeability, which was premature, but otherwise affirmed.

Appellate Information

• Decided 05/18/2007
• Published 05/18/2007

Judges

• E. GRADY JOLLY, Circuit Judge:, Before JONES, Chief Judge, and JOLLY and STEWART, Circuit Judges.

Court

• United States Fifth Circuit

Counsel

• For Appellees:
  
• William John Garrison, Kelly Mitchell Crawford, Charlene Cantrell Koonce, Scheef & Stone, Dallas, TX, for Plaintiff-Appellee., Thomas Viggers Murto, III, Mitchell Madden, MaddenSewell, John Frederick Redwine, Redwine Law Firm, Dallas, TX, for Defendants-Appellants.