In re: Robert Brower Sr.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 7 IN RE: Case No. 5:20-cv-06889-EJD
ROBERT BROWER, SR.,
ORDER AFFIRMING BANKRUPTCY Debtor. COURT'S ORDER AND JUDGMENT 10 ANTHONY NOBLES, Appellant, 12 v.
MUFG UNION BANK, N.A.,
14 Appellee.
Appellant Anthony Nobles (“Nobles”) appeals the Bankruptcy Court’s order and judgment holding that 50,000 shares of Coastal Cypress Corporation (“Coastal”) stock issued to Nobles were void for lack of consideration. Having considered the parties’ briefing and the record in this matter, the Court AFFIRMS the Bankruptcy Court’s order and judgment. I. BACKGROUND A. Statement of Facts In 1982, Debtor Robert Brower, Sr. (“Brower”) founded Coastal as a California corporation. Nobles Appx., ECF Nos. 16-1 & 16-2, at 167. As relevant here, on January 31, 2011, Nobles executed an agreement to purchase 200,000 shares of Coastal stock for $200,000, and he paid that amount…