The plaintiff brought an action claiming 100% beneficial ownership of a family property that had been transferred multiple times among family members and ultimately sold to a third-party corporation.
The plaintiff sought to set aside the sale as a fraudulent conveyance.
The court found that the plaintiff and his father were equal 50% beneficial owners of the property.
The court declined to set aside the sale, finding the third-party corporation was a bona fide purchaser for value without notice.
The court ordered the plaintiff's parents to pay him 50% of the net sale proceeds under a constructive trust.
All counterclaims were dismissed.
