Trinity Gas Corp. v. Taylor

DUHÉ, Circuit Judge:

Trinity Gas Corporation sued to undo the redemption of the sale of a residence by defendants Henry and Georgie Taylor to the Serses, alleging that the redemption was in fraud of creditors and violated a court order. The district court dismissed on the Taylors Rule 12 motion. For the following reasons, we AFFIRM.

BACKGROUND

In May 1997 Defendants Henry and Georgie Taylor transferred title to their Natchitoches, Louisiana residence to Sidney and Patricia Sers by an Act of Exchange. The consideration was 600,000 shares of Trinity Gas Corporation (Trinity) stock. Sidney Sers was…