Strategic Capital Dodges $2M Fraudulent Transfer Suit

Law360, New York (July 3, 2012, 5:23 PM EDT) -- A Texas federal judge on Monday dismissed a lawsuit alleging Strategic Capital Resources Inc. fraudulently transferred more than $2 million to avoid paying investment firm Fulcrum Credit Partners LLC in a contract dispute over claims against a bankrupt homebuilder, finding the case should not have been filed in Texas.

In an order dismissing Fulcrum's suit, U.S. District Judge Lee Yeakel ruled that because the alleged efforts of Strategic Capital and its CEO David Miller to hide assets occurred in Florida, the court could not exercise jurisdiction...
To view the full article, register now.




Case Information

Case Title

Fulcrum Credit Partners LLC v. Strategic Capital Resources Inc. et al

Case Number



Texas Western

Nature of Suit

Fraud or Truth-In-Lending


Lee Yeakel

Date Filed

December 14, 2011

Law Firms

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.