Michael Arnold, Janet Arnold, Steve South v. Life Partners, Inc., Abundant Income LLC

OPINION

Opinion by

Justice O’NEILL.

Appellants Michael Arnold, Janet Arnold, Steve South, as trustee and on behalf of the South Living Trust, John S. Ferris, M.D., Christine Duncan, and all others similarly situated appeal the trial court’s order granting summary judgment in favor of Life Partners, Inc., Abundant Income LLC, and Milkie Ferguson Investment, Inc. 1 Appellants argue the trial court erred in granting summary judgment because Life Partners’ and Milkie/Ferguson’s life settlements are securities that meet the requirements of an investment contract. They also contend the life…