NCBC

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…

Read More

Nc Business Court Rules Former President and Ceo Required to Bring Derivative Suit

June 18, 2015

      The North Carolina Business Court issued an order last month disqualifying the individual plaintiff’s counsel from also representing a company, Bolier & Co., LLC (“Bolier”). The individual plaintiff, Christian Plasman, ostensibly hired his lawyer on behalf of himself and Bolier despite being a minority member of the company and without authorization from…

Read More

Archives