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The district court correctly applied the law of fraudulent transfer of assets: Once the court (implicitly) found that Hubbard lacked the intent to defraud with respect to the sales to TDW � a finding that is not clearly erroneous � it could not as a matter of law have found that he used HEI as a sham to perpetrate fraud.
October 18, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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