No. 19-759

Milo H. Segner, Jr. v. Cianna Resources Incorporated

Lower Court: Fifth Circuit
Docketed: 2019-12-13
Status: Denied
Type: Paid
Tags: avoidance-power bankruptcy bankruptcy-code burden-of-proof criminal-statute good-faith jury-instructions ponzi-scheme reasonable-commercial-standards transfer-liability
Key Terms:
Securities JusticiabilityDoctri
Latest Conference: 2020-02-21
Question Presented (AI Summary)

Can a party who receives transfers that are the undisputed proceeds of a Ponzi scheme—and who admits committing a crime in connection with every transfer—act in good faith as a matter of law?

Question Presented (OCR Extract)

question presented is: Where a transferee receives multiple transfers over many months, and the evidence of fraud grows during that period, must the jury decide whether the transferee proved good faith as to each transfer?

Docket Entries

2020-02-24
Petition DENIED.
2020-01-29
DISTRIBUTED for Conference of 2/21/2020.
2020-01-22
Reply of petitioner Milo H. Segner filed.
2020-01-13
Brief of respondent Cianna Resources Incorporated in opposition filed.
2019-12-11
Petition for a writ of certiorari filed. (Response due January 13, 2020)

Attorneys

Cianna Resources Incorporated
Matthew Wayne BrockmanHartzog Conger Cason, Respondent
Milo H. Segner
Charles E. Baruch Jr.Johnston Tobey Baruch, P.C., Petitioner