Coleman v. Burgundy Oaks, L.L.C.

BROWN, Chief Judge.

| plaintiffs, hereinafter referred to as “the Coleman Group,” are purchasers of lots in the Burgundy Oaks subdivision in Shreveport, Louisiana.1 Defendants are Longleaf Investments L.L.C. (“Longleaf’), Burgundy Oaks, L.L.C. (“Burgundy Oaks”), and Randy Jordan Construction Co., L.L.C. The property was initially owned by Longleaf, whose stockholders and officers were James A. Young, his wife, and one other person. James Young and his wife were also members and managers of Burgundy Oaks. In three transactions, in 2001, 2002, and 2005, Longleaf transferred the property at issue…