Spring Street Prt - IV, L.P. v. Douglas Lam

CARL E. STEWART, Chief Judge:

Defendants-Appellants Long K. Lam, En Kha Lam, Ten Lam, and Vinh Ngo appeal from the district court’s summary judgment in favor of Plaintiff-Appellee Spring Street Partners-IV, L.P. on its claims for fraudulent transfer and piercing the corporate veil of a limited liability company. We AFFIRM IN PART and VACATE AND REMAND IN PART.

I. FACTS AND PROCEDURAL HISTORY

A. The Financial Obligations

Between 2001 and 2005, Bayou City Fish Company, also known as Bayou City Fish, Inc. (“Bayou”), incurred debt to SouthTrust Bank, N.A. (“SouthTrust Bank”). The most significant of…