Cote v. Texcan Ventures II

OPINION

Opinion By

Chief Justice THOMAS.

As part of an investment scheme, appellants transferred $1,000,000 to Stuart Kalb, a Texas attorney. Kalb disbursed a portion of the funds to appellees. Appellants sued, seeking to recover the funds from appellees through the imposition of a constructive trust. In one issue, appellants contend the trial court erred in denying them claim for relief because they were entitled, as a matter of law, to the imposition of a constructive trust on the funds. We affirm the trial court’s judgment.

Background

In June 2004, appellants were approached by Curtis Peterson…