Yaesu Electronics Corp. v. Tamura

Opinion

VOGEL (C. S.), J.

Introduction

This appeal contests that portion of a judgment which set aside as a fraudulent conveyance Yukio Tamura’s gift of $243,206 to his sons made one month after a jury had returned a verdict compelling him to pay in excess of $2 million. Because the funds were derived from a defined benefit pension plan, Yukio Tamura maintained that the moneys were entitled to the statutory exemption from execution accorded private retirement plans by section 704.115 of the Code of Civil Procedure. After taking evidence, the trial court, relying upon In re Bloom (9th Cir. 1988)…