Hasso

Hasso v. J & J Real Estate Holdings CA4/2

Good Law
Court of Appeal of CaliforniaDecember 11, 2014E054774California4,204 words

Opinion

Opinion

I. FACTS AND PROCEDURAL BACKGROUND

Plaintiff asserts in his first amended complaint causes of action for breach of

fiduciary duty, conspiracy to breach fiduciary duty, fraudulent conveyance, conspiracy to

commit a fraudulent conveyance, and alter ego liability. The details of plaintiff’s

allegations are not relevant to our disposition of the present appeal, so we will sketch

2 them only in broad strokes. Plaintiff alleges he is a judgment creditor of J.S.B. Financial

Corporation and Ozcorp Corporation, and is a creditor of the other defendants, with

claims not yet reduced to judgment. He contends defendants—which include individuals

allegedly controlling the corporate defendants—engaged in a scheme to prevent him from

collecting on the judgment against J.S.B. Financial Corporation and Ozcorp Corporation,

or any judgments that may be entered against the other defendants.

On May 23, 2011, after 11 days of jury trial, the trial court granted the motions for

nonsuit brought by defendants with respect to all plaintiff’s claims. This appeal

followed.

On November 22, 2011, all parties to this appeal signed a “Settlement Agreement

and Mutual Release” (settlement agreement),…

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