Peacock v. Thomas, 516 U.S. 349, 4 (1996)

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352

PEACOCK v. THOMAS

Opinion of the Court

cute the judgment while the case was on appeal and, during that time, Peacock settled many of Tru-Tech's accounts with favored creditors, including himself.

After the Court of Appeals affirmed the judgment, Thomas unsuccessfully attempted to collect the judgment from Tru-Tech. Thomas then sued Peacock in federal court, claiming that Peacock had entered into a civil conspiracy to siphon assets from Tru-Tech to prevent satisfaction of the ERISA judgment.1 Thomas also claimed that Peacock fraudulently conveyed Tru-Tech's assets in violation of South Carolina and Pennsylvania law. Thomas later amended his complaint to assert a claim for "Piercing the Corporate Veil Under ERISA and Applicable Federal Law." App. 49. The District Court ultimately agreed to pierce the corporate veil and entered judgment against Peacock in the amount of $187,628.93—the precise amount of the judgment against Tru-Tech—plus interest and fees, notwithstanding the fact that Peacock's alleged fraudulent transfers totaled no more than $80,000. The Court of Appeals affirmed, holding that the District Court properly exercised ancillary jurisdiction over Thomas' suit. 39 F. 3d 493 (CA4 1994). We granted certiorari to determine whether the District Court had subject-matter jurisdiction and to resolve a conflict among the Courts of Appeals.2 514 U. S. 1126 (1995). We now reverse.

II

Thomas relies on the Employee Retirement Income Security Act of 1974 (ERISA), 88 Stat. 832, as amended, 29

1 Peacock's attorney was also named as a defendant in the suit, but the District Court rejected the claim against him.

2 Compare 39 F. 3d 493 (CA4 1994) (case below), Argento v. Melrose Park, 838 F. 2d 1483 (CA7 1988), Skevofilax v. Quigley, 810 F. 2d 378 (CA3) (en banc), cert. denied, 481 U. S. 1029 (1987), and Blackburn Truck Lines, Inc. v. Francis, 723 F. 2d 730 (CA9 1984), with Sandlin v. Corporate Interiors Inc., 972 F. 2d 1212 (CA10 1992), and Berry v. McLemore, 795 F. 2d 452 (CA5 1986).

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