Solo and Small Firm
The Practitioner Spring 2014, Volume 20, Issue 2
Content
- Insider Trading: Theories of Liability, Common Defenses and Recent Cases
- An Introduction to Whistleblower/Qui Tam Claims
- Risky Terminations and How to Avoid Them
- A Primer on the Uniform Fraudulent Transfer Act
- Evolving Requirements of Patent Notice Letters and Complaints
- Alternatives to Chapter 7 Consumer Bankruptcy
- Coach's Corner: Overcoming Public Speaking Jitters
- The Road To Independence
- Big News For Solo & Small Firms
- Table of Contents
- Section Letter From the Chair: Outreach
- Section Letter From the Editor
A Primer on the Uniform Fraudulent Transfer Act
By Henry S. David and Dana J. Meepos
Henry S. David is the proprietor of The David Firm®, which he founded after 33 years in Big Law. He is a commercial litigator, with a focus on creditors’ rights.
Dana Meepos is an associate at The David Firm®. Her practice focuses on contract disputes, post-judgment remedies and commercial litigation. She received her undergraduate degree in English and Medieval Studies from Cornell University and her law degree from UCLA School of Law, where she served on the Women’s Law Journal.
A client comes to you with a substantial claim, with clear liability, maybe even already reduced to judgment. But when you investigate the debtor and his ability to pay, you find out that although he once owned substantial assets, he appears no longer to have them—or even the proceeds from their sale. What are you to do? There are a number of legal theories to pursue third parties to collect on a debt or a judgment, such as alter ego or piercing the corporate veil,1 successor liability,2 aiding and abetting a tort,3 and conspiring to commit a tort.4 In this Article, we set forth the basics of claims under California’s Uniform Fraudulent Transfer Act (the "CUFTA").5