Clay Miller, left, and Lawrence R. Lassiter, right, of Miller Weisbrod. Courtesy photos
A Houston appeals court upheld freezing assets that were not directly connected to a defendant, and snagged in a personal injury suit, finding equity transfers were likely intended to leave the defendant insolvent.
When faced with a possible costly judgment, the owner of the defendant entity, an apartment complex in a high-crime neighborhood, sold the property for $10, then shuffled the equity through several more transfers, all because he allegedly chose to limit the defendant entity’s liability insurance to $25,000.
