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JANVEY v. GMAG, L.L.C.

No. 19-0452.

592 S.W.3d 125 (2019)

Ralph S. JANVEY, in his Capacity as Court-Appointed Receiver for the Stanford International Bank Limited, et al., Appellants, v. GMAG, L.L.C.; Magness Securities, L.L.C.; Gary D. Magness; Mango Five Family Incorporated, in its Capacity as Trustee for the Gary D. Magness Irrevocable Trust, Appellees.

Supreme Court of Texas.

OPINION DELIVERED: December 20, 2019.

Attorney(s) appearing for the Case

Mark Joseph Barrera , Andrew J. Petrie , M. David Bryant, Jr. , Rachel R. Mentz , for Mango Five Family Incorporated, Gary D. Magness and Magness Securities, L.L.C., Appellees.

David G. Cabrales , Stacy R. Obenhaus , Sara Brown , for The University of Miami, Amicus Curiae.

Michael Yoder , Eric David Madden , for National Association of Brankruptcy Trustees, Amicus Curiae.

Rachel R. Mentz , Burt M. Rublin , Andrew J. Petrie , Mark Joseph Barrera , M. David Bryant, Jr. , for GMAG, L.L.C., Appellee.

Grayson E. McDaniel , Timothy S. Durst , Scott D. Powers , Delaney J. McMullan , Kevin M. Sadler , Evan A. Young , Stephanie F. Cagniart , for Ralph S. Janvey, Appellant.

Karen M. Neeley , for James J. White, Amicus Curiae.

The Texas Uniform Fraudulent Transfer Act (TUFTA) is "designed to protect creditors from being defrauded or left without recourse due to the actions of unscrupulous debtors." KCM Fin. LLC v. Bradshaw, 457 S.W.3d 70, 89 (Tex. 2015). Creditors may invoke TUFTA...

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