Kugle v. Hennessy

liNORRIS, Judge.

The garnishee, Moss Neck Manor Inc., appeals a judgment finding that a simulated and fraudulent transfer of its stock violated the Investment Securities Registration Law, La.R.S. 10:8-403,1 and ordering it to pay the plaintiff, Mitchell Kugle, principal, interest, costs and attorney fees, for which Kugle had previously obtained judgment against the defendants, Michael and Susanne Hennessy. Finding the district court erred in its application of the statute and of the parties’ stipulations, we reverse.

Procedural background

In the early 1980s Michael and Susanne Hennessy hired…