Tow v. Amegy Bank N.A.

MEMORANDUM AND OPINION

LEE H. ROSENTHAL, District Judge.

This Memorandum and Opinion addresses motions for summary judgment on claims the bankruptcy trustee, Rodney Tow, asserted against defendants John Speer and Michael Manners and companies they owned or controlled. Manners founded Royce Homes, L.P., and was a 50% owner of the company between 1998 and 2006. Speer, through companies he controlled, owned the other 50% until 2006, when he bought out Manners’s interest for over $30 million. Speer funded the purchase through a $20 million personal loan from Amegy Bank (the “Amegy Loan”) and a $13…