No. 11-10704all the funds, accounts, mail, and other assets of, or in the possession or underthe control of, the Receivership Estate, or assets traceable to assets owned orcontrolled by the Receivership Estate, wherever situated.” The Receiver wasalso directed to file “such actions or proceedings to impose a constructive trust,obtain possession, and/or recover judgment with respect to persons or entitieswho received assets or records traceable to the Receivership Estate” with thesame court.On February 19, 2009 and pursuant to its directive, the Receiver filed theinstant lawsuit to recover approximately $1.6 million worth of contributionsmade by the Stanford Defendants to the Committees. It is undisputed that theStanford Defendants gave $950,500 to the DSCC; $238,500 to the NRCC;$200,000 to the DCCC; $128,500 to the RNC; and $83,345 to the NRSC. TheReceiver contends that the Committees have to disgorge the above funds becausethe contributions were fraudulent transfers, given “with actual intent to hinder,delay, or defraud” creditors of the Stanford Defendants.
§ 24.005(a).The Committees each filed a motion to dismiss, and the Receiver and theRepublican Committees moved for summary judgment. The district courtgranted the Receiver’s motion for summary judgment and denied the motions todismiss and the Republican Committees’ motion for summary judgment. Thecourt ruled that the Receiver stands in the shoes of the creditors of the StanfordDefendants and therefore may bring the TUFTA claims and determined that theReceiver’s TUFTA actions were timely. The district court also concluded thatfederal campaign finance law does not preempt the Receiver’s state law claim.
On the merits, the district court determined that summary judgment in favor of
Specifically, the Committees refer to the Federal Campaign Act of 1971 (“FECA”), 86
Stat. 3 (1972),
Bipartisan Campaign Reform Act of 2002 (“BCRA”), 116 Stat. 81,2 U.S.C. § 431 et seq., and the regulations implementing the FECA and BCRA.
Case: 11-10704 Document: 00512029502 Page: 3 Date Filed: 10/23/2012