Peacock Timber Transport, Inc. v. B.p. Holdings, LLC

Summary

The court reversed a summary judgment entered for the defendants in Peacock’s fraudulent-transfer and corporate-veil action. It held that the promissory note created a genuine issue of material fact regarding whether the transferred funds were property of B.P. Holdings, rejected the asserted limitations and preclusion defenses, and remanded for further determinations concerning the fraudulent transfer and potential veil piercing.