Disputes Over Entity Transfers, Fiduciary Duties, and Securities Fraud
Synthèse Legislator
Généré par l'IAThe case concerns multiple disputes arising from the disposition and transfer of interests in several related entities, primarily involving alleged breaches of fiduciary duties, fraudulent transfers, and claims under state and federal securities laws, where some parties sought to unwind past transactions and recover assets or damages. The court reasoned by analyzing the complex web of agreements, corporate actions, and purported transfers, applying relevant statutory and common law principles regarding piercing the corporate veil, the scope of assignment and delegation clauses in operating agreements, the validity of lien claims, and whether the conduct satisfied the elements of the claims asserted by the plaintiffs, ultimately determining the rights and liabilities of the various former partners, shareholders, and creditors regarding the contested assets and entity valuations.
Regeste Legislator
Généré par l'IAArt. 66 al. 1 LTF, Art. 64 LTF; Disputes Over Entity Transfers, Fiduciary Duties, and Securities Fraud: The court reasoned by analyzing the complex web of agreements, corporate actions, and purported transfers, applying relevant statutory and common law principles regarding piercing the corporate veil, the scope of assignment and delegation clauses in operating agreements, the validity of lien claims, and whether the conduct satisfied the elements of the claims asserted by the plaintiffs, ultimately determining the rights and liabilities of the various former partners, shareholders, and creditors regarding the contested assets and entity valuations.
Mots-clés
Généré par l'IADispositions légales citées
Généré par l'IADécisions connexes
Généré par l'IAQuestions juridiques clés extraites par Legislator
Généré par l'IACited in the dispositive to rule on the costs of the proceedings.
Cited in the dispositive regarding the granting of legal aid.
Texte complet
!"#$ "%%& ' $!# "%%(
'
' ) )') )
* "
"" * "%%(
!!!"#$$% &'&"(" & &( '& ) ) *&+, "!( !!
(&
-- . )) !& (!" / 0%
7$1#27
) + '
#8 9!7'&:;.&" & &(<"#04=((!(!& .&(!>!(>""&'!(".' /"*&((&?!"!?& (!?!("&!"?(. ?&! &'& !(!(!,'! >!&>!!(#0068&!&!(&?!"%&35 ?*& $553((,.@("&!("AB8
$8 @&'C! *!& >>(" $0 D( $553 &"?"" ! '(C! "*((274?'& (&! !!& >"&(!(! '(C!47 )#?&(C& ' ("&!&8
38 .&" "E &" #6 ( *& #3 ?*& $553 A F"(*!( C '!(!&F8 &'' &( $2 ?*& $553 & !(&!( !@ (!," (& * ( > & &+ 9-8 2482< /& * 7?&("*& >!*& ("&! &C&@ ' "& ( &@! A . @(!8 ((" & *!& A ''(! '&" !( A & !( (&(& '&?&("*& A & !( '&" #3 ' !( >!*& /@! & #= >! (C/! (&8 >!( "(( . /& &+C& !,!>>&( ( !"&"@! *!&( '&"!",.*'!(&(! > &( (&(!(? '?&("""(!!,( ?&*8&
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
12$341$556 731#27 &(!?A&"!&(! '& >! ! !"&",.(!?!("+&"E,.!! "(!( &+!@!*A45JA /(&A&! (& !A,(&C&'&E & ( ,.! / ?!( !!(! &( ' %4J8 (!" ,. ' ?!(+!@&.&",.+&IK((&(!?!(".!'!,(!' &( C&@!' !(! (& ' @('!A&! (& !C&'&E &8
48 $0 & $552 .&" '&"(" '&((! .& !?!!("((A. (& !.&(&! ((.C&! *!&. >!*& /@!(. &C(!&(!!&, .!'!("(&?!(!:& '&"('!$6 D($5538
68 0 E! $552 .&" !> &" .>>! ( .&7!?!!(" 9!7 '&: ; < ,. (!( '/C!(& !"'( ! ,. !?!('/C @! (!'!'!&"'&: "! (&!((8
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
12$341$556 721#27 =8 &'' &(.+%'(*&$556&"! ) ( !(&!( (!" ,. .* .((!( A (" !?!( ! .@!!( . (( &?( .'!>!(! /'(L . !((! '&* ,! ."(!( ' & &( .&7!?!!(" ( , .&" .?!('.!'!("(&?!&* &(,."(!(AG& (& & ' & &(& ?& (!?!(" &&' ( A '"( '& >! 8
08 '& E( "!! #= '(*& $556 . &>" . (& ! . &( (!( , '!(" (&?! .&" "(!( ':( ( ( (!?!("8
#58 &'' &( ## ( *& $556 & !!," , '! .+'&(!."((&C!'(!(.?!(""@&&8+'!," , . '&( (( &!:& ?!( *! "&! .!>!(&(! !? ?&("*& @&&"((.(&'&(,.' &(!( &(&!@! ' &'' &(& &(+&&!!.(!?!("8 +' ", !(! ! ? /!( ' ( ' ?!( '&"(& A '!(" (&?!8 " , +'&( 'C( & '(!( ! . !:& ' '&(!( ( &"'"(" ,. >>&!( . C!' &" &(,."(!('&>!((!'*.+&& !&(!?!("&(!?8
##8 &"!! $3 ( *&$556. &>". (& !.&(.!?!!("8 '&"!",&'' &(&## ( *&$556 (!(' ?+""("!+ *E(!>'(!* !>!&' !(! 8
#$8 &"&!( ?*&$556.&"& & (&!("!! '&: &!*( & !8!!,(& ?&"(( >>& ((&! (& !!,(& 'C!"(, & ( ' ' !>>!! A '' &(& '!,. (&M( !>>!(" A &!& &"?! (&"!(".? !&E* @""((!( . @&8 (! @@&?(! "(( (" '! ?!!( "!#5&$5568
#38 #6 ?*&$556& &( '"(" "&!(& (A. (& ! . &( (!:& .!?!!(" ( !> &" &!* ,. !( ! !,& !?& &(!>!( "!+ >!&( !'!(" (&?! ( (8 #28 &"' $# "*& $556 .!(!" &E( & & ( !"&" , ! .+ *!!!'!!& &"!" #5 & $556 '&"!)"(!( (!?"( ?!(8
#48 &"'!,6>"?&!&$55%& &(!( ! 8 '& !( '& "& &'' &( &"!@" 35 E?!& $55% '& & )N C!&&@! &(C '"!,(!!,","!!('& &A ?
12$341$556 741#27 & ."? (! ."(( (" (( '( . ? 8 '& ' " &? /& !&A.!(!"' & '"(.!(&(! &! &(:& !(* ? !& * :( ""( "!+ (( !&8
#%8 $= >"?&!& $55% & &( '& !( !?& &'' &( "!+8 &'' &( 4 ?&! $554 & - "! &?! .(C"! @! OL'!(+ !?&!(!& :? !@ (!," * !(@!C& !,&! '(C!"*((274(47)# !" A &(C& ' ("&!& >!*& /@! '! #000 >(!@ C& !,8 &'' &($5!$554 "(!>A"E &$%&#%?&!$554 CP(& :C77! &@!" ' & &"!& & ( ' & & !(! ( !& &O "!7C> !@ (!," >!*& /@! '&"( '! #000 ? /* !& /& &+ *!& (" A & !( ? (" C & 274 &@! "@:& '& (&! ! 274 (" A @C * *! !! ' ("&!&A& !(/'( (!,'/&!A& !(8!!,", '(!( '!@!( '! ?!& #005 & ("& !>> &(!(! '& +!( !( *&'"&!& ( !>"&!& !! , ( ( (& *!("& ,! ?!( !( A ' & !@ (! >!*& /@! #000 ( , '! C( &? D( $553 ?!( "? ''" & *!& ' &," A & !( ? !&&!(! & !(&!((( C( ! & !(8 &'' &( $5 E!( $554 & '"!!( (C"! @! !@ (! ( (&!(( &&?",'(!(?!(.!'&! .!!(! > & *& !>"&!& & !( ! ,.! !( ! "?! ">!!( !(!>8 ((" , &C! "(!( !>>"( !* & ( ( C(& *!&?'&" !L("& !(' &&(!(! >((!&8 &"!" + "&! (( +' &( &(!(! >((!& 274 ( 47)# !!,&>&C!!2(4L("& !(,! (&"?"""@(!>8 ,'!,'(C @! &((&!(*?!("("+!>!( ((& , & (&!( & >!*& /@!8 &! @&'C! *!& ( . *!& '&(!," $6 E?!& $55% ( >!&" + &! @!, '&""(8 & &( "@( '& !( &'' &( % >"?&!& $55% & & @ &(!> A "(& / @&'C! *& !>"&!& & !( '&(!," 6 >"?&!& $55%(&'' &(&)N$=>"?&!&$55%8
#=8 %&$55% &!* !,"A.!(!"!?&&'' &("!+ (!" ((&)' &'&!' !(! "!8
#08 ?! "! #2 & $55% & !"&" , ( ( >!&!(.+!( &C& !,,!&* (&! @!,(((.+'!,!(' *E(!?(8
12$341$556 761#27 (!" , .@@&?(! (! " '& "! (&!(( !(!( @@&?(! *E(!?'!,G"!?!('&"("*&$556 , !((! "(!( !C@" & & C& !, (/' >!*& /@!8 A .* (( . ? ((!( , . @@&?(! *E(!?(A.!(!!(". ?+'&(!8
$58 ?'!,$3&$55%.!(!"'& !('& "&.?! &('&!("!("@&(' !(! 8
$#8 $0&$55% &!* !,"(("&!(&A& &((@&" AE@&8
) '
#8 !@? !&Q &@!(! E!!!&9<"(" !>!"(!(!(": #& D( $553 &!* ( & ! ((( > &"( A .&(8 46 8 # (8 C8 $ !( !, & (((! '&"?AQ&(846 !>""&&'&(!@""&& !( & ! 6 ( *& $555 9 < ,! ( &(!? A ! & Q&7!?!!("#0E!#0409 <8
) '"(' &E@&Q':(!!"(*!8
$8 !>""&&'&(!@""&& !(& !6 ( *& $5559 <(&"?!@&#&E?!&$553G, !>!(! $#&$55392:&"?!! <(&"?!@&#&E?!&$552 ( (&M" !>!(! *& !' !(! "@ ! .&7!?!!("8 ( ''!* .': : & , >!( E&!!,( "(&!( ( "& " ' ("&!&( A & (&" ?!@&9>8 -#35226 !8##$02 !8#8$<8 !>!(! "@ ( (!(( &:@ @""& ?&! > &!" ! E&!'& &(!? + (! &&' ( ?(.(&"?!@& R!." !>!(! ' !( ?& ( &(,E&!'&"? ''"A&'& ' '( G(&&'&!(''!,"9 -#35324 !83<8
>! !>"""*&$554 !>!( !>""&&.&7 !?!!(" ( (&" ?!@& #& E!( $556 9$556 $553< '' &(( !>!(! ,! &( (('& "& !(?( &!* ( &9&(84$4=(6#(8 <8.':'&"( ( ! ?& !('!,& &"("> &"'&:#&E!($556 9C8(8!' !(! (&!( !&&(!?A !>!(! #6"*& $554<8
12$341$556 7%1#27
38 ) Q&(8658# "!& & ((&(E &8 "!! $3 ( *&$556"("&I'&& &('(L(! &, "!& &. "A &!&,!&"'(! 9&(83=8 # < &(,&  ?*&$556"("> &"('(!8 (&E(" > & ( "! '&"? '& ! ! ( &?* ?&( &(846 8
28 !(!@' &(&@&".!?!!("& &((''&(!!:&(& & !(A&((!:&.&7!?!!("8
48 (&"'("!?!!(".!'!("@!( ( '&(!'&""'&( @ &" &"(( . !>!&!(" @"!( . ! . !( 9&(8 = 8 # ( 2 8 # <8 ( &"'(" !'!(" @! ( ( !!(! .* .'&(!' !*!!("@!.&"& &C" (&?! ",!!*&" ,! (& !"&(! ! (( !!(! &"( .((!(A("'C/!, ((,.'&!('&:(&!(( ( & &"'((! +!@!* 9&(8 % <8 & "?& (+ .!?!!(" &? , .&" &!( ' *(!& .! ."(!( ' !?! ( '&" ? ! ,.! ' &&!( *(!& +&I( .(!?!(" ,! '( &! *( G(& +!@" ! '&: (&!(( ( & &"'((! &&C"(&?!",!!*&"9&(8#6 <8
?&(.&(8$=8# 9 ?(&<Q&"& !(A&( (!:&Q!(!?!A%5J !A(& !7,&(&(Q!(!?!A 65J !A!7&(Q!(!?!A45J ! A,&( &(Q!(!?!A25J !8
((!(A("'/C!,'?( ((!('C/!,(&M& !?!!(" .&(82 8# !! ? .&(8= 8 !:& ' ", . "(( '/C!, !> ' >>(! A '&& C&@ '& .&7!?!!(" !!(! '!("@!,.&"' &&!('GC&>!('&? * ? ("R & ,! ( +!@!* !( G(& "(&!" ! *E(!?( , ' !* 9 - #5$#64R )$55# '8$$2 !8$* ( &">"&R>8! -#$%$0= !82!>!<8
68 &!* >""& & !"&" , >!*& /@! '&"( *&+ ' !( ? (& * ( > & &+ &( ,.! E(!>! .@ E&!!, ( ."(( ( ! .''!,&'& @!'&!!'"? ''"'&E&!'&(!:& (& * ( > & &+ &,.! .@!( .''&"!& &(:& !?!( . >!*& /@! 9 - #3$ 64 !8 28#<8 +!( '&" '(! ,(& * ( > & &+ &>>('?(G(& & ("'&>> &(? ("&! *(+!@!*9 -#3#45<8/
12$341$556 7=1#27 !' &G'&" '(! '&".>!*& /@!9 -#3$%# !828$8#<8 +'&(! '/C!(&!, ( '&!!' "!& , ! .@!( '& & & .!'!(" (&?! , (& * ( > & &+ ( '(!* .(&M& 9 - #35 343 !8 $8$8$ ( 300 !8 4838$<8 *! G !@ (! >!*& /@! ( .* & >!( ."!&C( @! ?!(!!!.+!@& &."! '"!!( '/C!(&! .(( ' , >(& '/C (!, ( . '!! !( !> "!!? & "? ''( (( ((!(A("9 -#3$%$ !8283<8
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
%8 ) '&!!' !*& ''&"!(! '&? '!( ?* '& "&E!!!&& & !& !9>8&(86#
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
!!E@'( &&'!?&'& *(+&'' &((+'&(!"(*! '& "! && ! @(' , +7! * (!( A &"(( ?!( , & ! ( "&!( (!?" , ?! (!(' (&!(! (,.!! &('&(( ((& & *!7> "8 !' >!( , "! (" ( !" A .&&'&&'' &((&?!'&(' & (&. *E(!?!(" ''&"!(! ! 'I &'&"?(! A."@&.&"8 .( ,.'&"!& ('&(!!:&, (E(.!'&(!!(" .''&"!(! '?(G(& !"&" *E(!?(> "9 -#$4 343 !83*1 - '*!"#3&$55540$100 !8*1<8
=8 & &( (!(*(&&'' &( "!(&!((, '!(" (&?! ( & , .!(!" '&"( ,. ( (!:& .''/(&&'' &("!)8
. &">:& !@ (! >!*& /@! ' " '& & - O( A!(& * ( > & &+' " '& & ( & &'' &( ) ! ( (( , & &( >>& . "(( &+ *(&( !&( *E(!?*8 !?(!@(! '&(!," . ( >>( &"?"" CP ((!( (!,!@!>!(!?9'C&!!R((& @!, &<8 ?!( .+!& ! &'' &( "!+ & , .!(!" .( > "' &&&"!! '&(((((&&&(:&!?!( ("(( &+8
&&'' &(#&'(*&$556"!) (!@ (!," &"'&! &'!("(&?!&C!@!!>>'&" !(A
12$341$556 7#51#27 &"@! *!& &(& *"@""&(!> "&" &C!( (& *.'((! ?&"(! "'&!? '& @"9-8238$#<8 & +!!,& (("&C?* !(&!.''! *& !>"&!& & !( "*C .& '!( !' !*!!(" &C& & ( A @C & A ''(! ' 'C/ "'! $ & !! , (& '&?&("*& *!& E( &A''(! ' !((/'!,>!*& /@!!! , !& + ?(7*& ( + *& !>"&!&8 & (( '/C!(&!, & >!( "(( . * (&!(''&( +'&!".*.!" !& !!!&. * '&( .!("&G( '!!& ' & !!& &(! ? .( &@ >!! ( !"!( .* . /'( ( @! +! "C" &.(&(!8"@( ("!!(! .''"(!(( !*! &?"8 "! ) ( +'!," , . '& ' !":':&.&",!?!?!( >!(!("A ?!('& ? ," >!(?>&:&(U&'!'&!!((& +,!"(!(A. &!@!.(!(.* 8 ('&"!",(!( "(!( '&"( '! .> .&" ! "(!( !>>!( ' & '&& . (& * '& !(" '(C @!, ,! ' &&!( '&(&*& > (! ( ! '& >! 8 ! ,.! !( *&?" , *!!(" (( &?! , *!& "(!( !!" ! ( ">!!(!? A *!!(" ( ( A >!( &?" &(!(! '"&!'C"&!, &! '&" & & +!@ 7 &@!!(" V8. ('!"?! (& *'& !("'(C @!, " '"8. ('&( .' !(?'&(&C( @!,!!((! > (! (! ( ! !'!(" ( ( (&?! '( ! A '&(!& C( & ((AE!($553&! .'& ** (! 8 7A(( '"&! ! ( (!" , '!(" (&?! "(!( ( ( "(( " , (& *"@""&(!>'&"("'&.&" ( "&"8
&'' &("!)*&+!!,& &( ( (&(! '/C @!,8 '& "@( !"&(! '!( +'&!" '& & &( ( "(" "(*! '! ! (( . : >!! '& >! @""& '& /(: '/C ! ( '/C!(&!, , !& "! ( &! @!,8 &!'(! ( .''&"!(! !((! "! (!&8 "!) ( +'&!" & ."? (! ."(( (" & '!(" (&?! ( & !!((! > (! >! ! ( D( (!?" & ' !( ?8 & ! ( C"&( ( ?!( (( , (( &' (& (((! *E(!?'&(!((/'.''&"!7 (! 8
08 & &("!'(&'' &("!)'!?& '& *(8'&"(,&!&. (' &&((''&"!">>( &&?!, (!!(, "(((".(@@&?"'!&
12$341$556 7##1#27 +8 .''! & !?& &'' &( "!+ ,. '& !( &'& "&E!!!&8
) E&!'& (( E@ & ! ''&"! "@!(""!! ((,"&:@@""&.'&:."((>!(+!(( ( W "!! !(!@! "(" & 9 - #$# 366 !8 #* ( &&G(!("<8>!(&?' ("&!&((,! ( !>!"((!((! !?( &(>!&. *E(. ?"!! !!(&(!?9 -#$# 366 !8 #* ( &">"&<8 >!( &? ' ("&!&( !?( '( G(& '&! !"&(! & W ! ( "(& !(( !" A . *E( !(!@ ( (& A !>& .''&"!(! ( W "!! ((,""("&9 -00#5$(&&G(!("R - #=E!($554 3$#152 !84<8
/ ! &?& , &'' &( & )N ( !! , &'' &(&! @!,$6E?!&$55% (' ("&!&A"!! !(!@! &(,.!./'!'&& !"&(! '&"('& "&8 &(!> (, >!&&.*(& * *E(!?*8
&!& &'' &(## ( *&$556&!? , @@&?(! ."((("& &('!.+'&"! )((((!'!("(&?!( (( ((!?!("&(!?&! .*&"(((('&!.(@!,E&,!>!(&(! ,.>! ' &( . &(8 ,! & &'' &( "(*! '& "!(&!((E@'(( !((!& '(>!(, .+'"&! "! (&!(( ( @""&( ! ( A '&& '&(! ' & '(!(&! &(! >!,!.!(A&!&9 -#$4 34# !8 3*1 ( <8 ? (( E&!'& ( .* *E(!? ., ,@@&?(! ."((("& &(* >!&" (( '& &"(( ."(& / @&'C! 6 >"?&!& $55% , + &! @!,$6E?!&$55% ! "!(&!(('&((( 'E(& (&"!)8
>!.@((! &!? ,"'&& &('&('A &(!& @@&?(! ."(( ("8 >>( '( ( !>>!(" (!:& '&? A "(*!& .+!( & !' '!(*E(!?.&">>!('' &E(!>!&!?!!("9(!:& '&(!R - '*!"35 ?*&$552655153 !838$< &( ,. .* . *(&( "! '&(!( 9(( 'C/!, , '/C!,< (&?( '!(" (&?! 9( @!< !:& !' &(( &!( !"&& &&(!'&& &( ((!(A("A &(:&!?!(9 -#35343 !8$8$8$!>!<8
12$341$556 7#$1#27 (( ",."@"& &('&( (&?& '& *(&'' &("!)(&''&"!(! .'!(" (&?! &"! &! *( +!@!* (!:& (( .(!?!(" '&""( , (!?!(" '(" > & ( ((& ,.! &'!( ( ( !(! E&!'&(!'&(((!& M(&'!> &'& *( 9>8 -#$434$ !83(&">"&<8
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
12$341$556 7#31#27 (!(& , "! ) ( , >!*& /@! ( (& * .'((! ? &"(! "'&!? '& @" ,! ! ( !" Q ( ' &(:&!?!(8
##8 > "& &(&E("8
#$8 ?&(.&(8608#*! (&"?!@&#&E!($556'& "& & &(!:& (((! ' &((&. (& ! &>'&((! . ?( &!* " ( ! A >&! E(! , !?(!(&(&$55>&8(#.555>&8& &("(("* ("&'& ",( "'!(." ($55>&8
,' + ' ) )') )
-.*
#8 "&& &&?*8
-.
$8 &E((8
38 ." (>!+"A$55>&8(!AC&@& &(8
28 > & '&(! ,Q '?( > && & & (& '&"( &&G( "! 35 E & : (!>!(! '&: &!* >""& 9)CX!P&C >,!66552 <'&? !& &(!:&& !( '*! > &"(+&(8=$ !>""&& &!*>""&#% E! $554 9 -<R " !& & & !( !!,& ! (!> ( /'&?(' &(&!@(&& &( (!&R! !( G(& &" &!* >""& '& ? ! ' ( '& ? ! "(& !, + !(! .&(8 2$ -8 '&"( &&G( ( '!: ' ! & &(!? ," /'&? !?(G(&E !(A.? !8 @&>>!&; '&"!( !&&) *)
12$341$556 7#21#27 &"(!&7E&!(; C!!'' S
'! > &'&"(&&G(( (!>!"+'&(!!!,QAQ>>!>""& & !'&@&>>
12$341$556