fiduciary duty

Lord & Lindley - Lawyers in Charlotte NC

North Carolina Business Court Recognizes New Duty to Negotiate in Good Faith

July 22, 2015

While North Carolina has never recognized a fiduciary relationship between lenders and borrowers, in June the North Carolina Business Court did recognized a new cause of action: breach of a duty to negotiate in good faith.[1]    The Court confined its decision to the particular facts present in the case, leaving many questions unanswered regarding this…

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Removal Of Corporate Trustees in North Carolina

July 8, 2015

     The landscape of the American economy changed dramatically in the last decade, particularly due to the 2008 financial crisis.  America’s largest commercial banks were forced to sell assets, reorganize, shake-up top management positions, and/or close altogether.  As a result, trusts managed by corporate trustees experienced high turnover among trust officials and changes in…

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