Denial of en banc.
Clarification from panel (Souter): holding only addresses trust obligations of parties.
Dissent from denial: But res judicata. Also, written contracts might not be the best way of getting at the truth, as the chartered entities didn't exist when the property transfer occurred.
http://media.ca1.uscourts.gov/pdf.opinions/16-1756O-01A.pdf
Since 2011. An occasional commonplacing of the U.S. Circuit Courts of Appeal.
Neither an authoritative statement of the law nor legal advice. Quick work.