JANVEY v. GOLF CHANNEL, INC.

NO. 15-0489.

487 S.W.3d 560 (2016)

Ralph S. JANVEY, in his Capacity as Court-Appointed Receiver for the Stanford International Bank, Limited, et al.; Official Stanford Investors Committee, Appellants, v. The GOLF CHANNEL, INCORPORATED; TGC, L.L.C., doing Business as Golf Channel, Appellees.

Supreme Court of Texas.

Opinion delivered: April 1, 2016.


Attorney(s) appearing for the Case

Kevin M. Sadler , Scott D. Powers , Stephanie F. Cagniart , Baker Botts L.L.P., Austin, TX, Timothy S. Durst , Baker & Botts, Douglas J. Buncher , Nicholas A. Foley , Neligan Foley L.L.P., Dallas, TX, Edward C. Snyder III , Castillo Snyder, P.C., Edward Frazer Valdespino , Strasburger & Price L.L.P., San Antonio, TX, for Appellants.

Katherine D. Mackillop , Norton Rose Fulbright U.S., L.L.P., Houston, TX, Kyle Morris Schindler , Theodore W. Daniel , Norton Rose Fulbright U.S., L.L.P., Dallas, TX, Jonathan S. Franklin , Norton Rose Fulbright U.S. L.L.P., Washington D.C., for Appellees.

Mary L. O'Connor , Akin Gump Strauss Hauer & Feld LLP, Donald Richard Jones , Wilensky & Jones, LLP, Mary Angela Jenkins , JP Morgan Chase & Co, John Martin Jackson , Jackson Walker LLP, Josiah M. Daniel III , Thomas S. Leatherbury , Vinson & Elkins LLP, W. Scott Hastings , Locke Lord LLP, Dallas, TX, Meghan E. Tepas , Michael J. Summerhill , Salvador A. Carranza , Freeborn & Peters LLP, Chicago, IL, Gregory F. Miller , Vinson & Elkins LLP, Charles L. Babcock , Jackson Walker LLP, Houston, TX, Amicus Curiae.


Under the Texas Uniform Fraudulent Transfer Act (TUFTA), an asset transferred with "actual intent to hinder, delay, or defraud" a creditor may be reclaimed for the benefit of the transferor's creditors unless the transferee "took [the asset] in good faith and for a reasonably equivalent value....

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