Robert J. McKay v. Stuart L. Longman

Summary

The court affirmed judgments concerning a creditor's efforts to collect a foreign fraud judgment from a former business associate and related entities. It held that the creditor lacked standing to challenge a mortgage to which he was neither a party nor an intended beneficiary, upheld findings that two property transfers were fraudulent under the applicable fraudulent-transfer statutes, and recognized outsider reverse veil piercing subject to a three-part test. The court further held that the trial court properly applied reverse veil piercing to four entities but properly declined to apply it to legitimate businesses whose innocent investors and creditors could be prejudiced.